Over 23 years ago, MicroTechnologies established in Costa Rica and currently, delivers cutting-edge engineering solutions in the semiconductor, automotive, medical, and industrial markets.
San José, Costa Rica. April 15, 2020. Byte, a multinational company in the life sciences industry and dedicated to producing orthodontic medical devices, announced that it will hire 150 more people in Costa Rica, due to the growth of its local operations.
- Implemented improvements will drive commercialization of high-quality, complex medical devices.
- 300 new jobs will be added during 2021.
Costa Rica, April 9, 2021 – Viant, a life sciences company, announced that it has completed a major expansion at its medical device manufacturing plant located in Heredia, Costa Rica.
Alajuela, Costa Rica. April 06th 2021. – SMC Ltd., a global contract manufacturer for the medical, diagnostics and pharmaceutical markets with locations in California, Wisconsin, Massachusetts, Ohio, United Kingdom, India, and Costa Rica, announced the expansion of its facility in Costa Rica.
Within the context of International Women's Day, today we highlight five examples of how Costa Rica has encouraged greater female participation in industry 4.0. This is key in generating greater employability and opportunities for this population, which has been the most affected in the workplace, throughout the pandemic.
- The initial investment in new offices and hiring, exceeds one million four hundred thousand dollars.
- The company has more than 45 thousand employees worldwide, 112 of them in the region and 56 working from Costa Rica.
San José, Thursday, March 4, 2021. The global healthcare company Viatris, announced the start of operations in the country with an initial investment of $1,400,000. The company arrives in Costa Rica with commercial operations, such as the import and distribution of medicines in the region shortly after its creation in 2020, after the merger of the companies Mylan and Upjohn.
San José, Costa Rica. February 18, 2021. Biomerics, a leading mid-market medical device contract manufacturer, announced it is doubling its manufacturing footprint in the Zeta Free Trade Zone in Cartago, Costa Rica. Biomerics held a joint groundbreaking ceremony with Zeta and CINDE on Friday, February 12, 2021.
The COVID-19 pandemic created instability in different ways worldwide and exports was one of them. Even so, Costa Rica's exports of goods grew 1.9% in 2020 reaching a historic record of US $11,683 million: $214 million more than 2019.
• CINDE, Costa Rica's Investment Promotion Agency, reported 81 investment projects from 11 different countries during the pandemic.
• Multinationals in the country generated 19.806 new jobs, an 18% increase from the previous year.
• Costa Rica consolidates its position as a strategic ally for Nearshoring: Intel & Microvention are two recent examples of this stance.
San José, Costa Rica. December 15, 2020. CINDE – The Costa Rican Investment Promotion Agency- reported a record of 81 confirmed projects during 2020, 26 of which are new companies that selected Costa Rica for their Operations. Other 55 investment projects diversified current operations in the country with new processes or business lines as well as expansions.
Of the 26 new entries, 14 of them came from non-traditional origins representing 11 different countries such as Japan, Denmark, France, Germany, India, UK, and Bosnia and Herzegovina.
Among these is German-based ADMEDES, one of the world's leading contract manufacturers of auto-expandable nitinol (nickel and titanium) components used in the medical devices industries. The company selected Cartago, Costa Rica as their third geographic operation, which will add to its two centers in Germany and another in the USA.
Intel is another example with an investment of US$350 million in Costa Rica to revamp testing and assembly operations, which adds to its other three divisions in the country, including its Mega Lab, The Research and Development (R&D) Center, and its Global Services Center, all adding 2,000 people.
Eric Scharf, Chairman of the Board of Directors at CINDE, highlighted that these results, amid the pandemic, are a clear signal of Costa Rica's response and resilience and an excellent coordinated effort between the government, companies, and their employees to ensure business continuity.
“Within days, 98% of services companies in the country with over 70.000 people were 100% working from home. Manufacturing companies identified all critical on-site jobs which continued to operate under the strictest sanitary protocols, prioritizing the wellbeing of the people. Assurance of this business continuity with a clear rule of law and openness to trade demonstrated multinationals' trust in Costa Rica as their strategic partner for the new nearshoring," added Mr. Scharf.
On that line, Jorge Sequeira, CINDE's Managing Director added, “Over the years, Costa Rica has been the nearshoring site per excellence. This year, the pandemic reaffirmed Costa Rica's position. We had several expansion projects in manufacturing, driven by a supply optimization strategy. The results we had in 2020 reflect a high level of trust by multinationals in our country, where we were able to demonstrate strong response, resilience, and reinvention of businesses but more so, demonstrate our people's capacity."