Magstim expansion creates 50 jobs as it targets major US markets
A Carmarthenshire-based company with an international reputation for manufacturing sophisticated medical devices for brain investigation and therapy is increasing its workforce to 150 with Welsh Government support.
The Magstim Company Limited, which manufactures medical devices used in neuroscience, psychiatry and neurology, is set to create nearly 50 new jobs at its Whitland base. The major three-year expansion project will support the company’s growth in Transcranial Magnetic Stimulation (TMS) and intra-operative nerve monitoring technology, especially in the USA.
TMS uses magnetic energy to stimulate areas of the brain, without causing pain and while the subject is conscious. Magstim was founded in Wales 25 years ago by the originators of TMS technology. Magstim stimulators are the most widely-used TMS devices in the world, used to research and treat brain disorders.