WARSAW, Ind. -- A company that makes precision-machined medical devices announced its plans to build a 100,000 sq. ft. state-of-the-art manufacturing facility in Warsaw, which has gained the reputation of being the "Orthopedic Capital of the World."

Autocam Medical will begin construction on the project sometime this year with an anticipated date of completion with 12-18 months after ground is broken.

The facility will be built on a 15-acre parcel at the Northeast corner of N 200W and US 30 and will represents a capital investment of over $70 million in building and advanced manufacturing equipment.

"This expansion strengthens the company’s long-term commitment to high-tech job creation, technical innovation, and deep partnership with the City of Warsaw, commonly known as the Orthopedic Capital of the World.'" a company spokesperson said.

The company currently employs 10 people at the Medtronic building in Warsaw but is expected to create up to 300 high-skill jobs with the expansion.

The company says this includes CNC machinists, engineers, and a wide range of technical and manufacturing roles.

“Warsaw offers a workforce with technical excellence in the medical device space and unique industry leadership. That’s exactly the kind of environment where we want to invest,” said John C. Kennedy, Chief Executive Officer of Autocam Medical.

“We are thrilled to expand in the Warsaw community and contribute to its continued leadership in orthopedic innovation.”

At Autocam Medical’s Michigan location, the company says the average machinist’s salary exceeds $74,000 annually, and the company is looking at similar wage levels in Warsaw.

The company says Autocam Medical is a global contract manufacturer of precision-machined drill bits, drivers, screws, plates, cutting tools, and other complex, highly engineered surgical implants, instruments, and handpieces, as well as other device components.

"The company is a key supplier to the world’s leading Medical Device Manufacturers, specializing in Orthopedics, Spine, Robotics, Ophthalmology, Vascular, ENT, General Surgical Equipment, and Diagnostics," a company spokesperson said.

"The company has achieved ISO 13485:2016 certification and is a registered facility with the U.S. Food and Drug Administration. In addition to its facilities in Kentwood, Michigan, Autocam Medical has operations in Murfreesboro, Tennessee; Plymouth, Massachusetts; Suzhou, China; and Indaiatuba, Brazil."