A $40 million investment by St. Jude Medical has enabled the development of this new manufacturing facility.
The factory, located north-west of the Costa Rican capital in El Coyol de Alajuela, will make heart valves and cardiac monitoring equipment.
"Dan Starks, St. Jude Medical's president, CEO and Chairman, commented that the firm plans to invest more than $670 million in infrastructure, salaries and capital over the next five years since in addition to the manufacturing facility it also intends to open a medical training center in 2011," reports Ana Cristina Camacho for Elfianancierocr.com.
Precision Wire Components, a business that develops medical devices that are used in cardiovascular surgeries, inaugurated its plant in Heredia.
Nicaraguahoy.info publishes in its website: "The opening of operations in Costa Rica had an investment in the to $1 million range and provided employment to twenty specialized Costa Rican workers who received six months of training in the company's central headquarters in Oregon, United States."
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