Car Factory Closes in Costa Rica

Continental AG canceled the start of operations of the auto parts factory for Chrysler built in 2008 with $62 million.

Wednesday, May 6, 2009

The United States automotive crisis and the consequent decline in demand for high-tech devices that the plant would have made forced Continental AG to close the factory that had not yet begun operations.

"The situation is quite unfortunate. They are talking about suspending operations, not leaving, in the hope that if the economic situation improves in two years, they will evaluate Costa Rica to supply the US market," Gabriela Llobet, CINDE director, told Nacion.com.

More on this topic

Continental spurs hopes for Costa Rican auto industry

April 2008

A decision by Germany's Continental AG to invest in Costa Rica rather than Mexico shows that Costa Rica has got what it takes to become a regional leader of the auto industry, senior officials said.

Continental is investing US$61.5 million in a plant to make electronic components for car transmissions that will employ 600 workers in Costa Rica. Earlier it had considered locating the plant in Mexico.

Industry Moving From Costa Rica to Nicaragua and Guatemala

February 2015

Noting high production costs, Incesa has announced the closure in Costa Rica of its sanitary ware manufacturing plant, and its installation in Guatemala and Nicaragua.

Incesa Standard, a subsidiary of the Colombian company Corona, will start closure of operations gradually over the first six months of the year.

Textile Plant Moved From Costa Rica to El Salvador

August 2015

In order to improve their competitiveness in the manufacturer of uniforms and baseballs Rawlings Costa Rica will move its uniform line to El Salvador, laying off 200 workers.

The company which has operations in Turrialba announced that the main reason behind the transfer of operations is to do with competition.The manager Alejandro Cotter told Crhoy.com that "...

Faber-Castell Closes Factory in Costa Rica

January 2013

The closure of Maderin Eco, a subsidiary of the multinational pencil manufacturer, has been attributed to the continued and increasing difficulties in competitive wood supply.

Maderin Eco, a subsidiary of the multinational pencil manufacturer Faber-Castell, whose plant is located in the canton of Corredores, on the border with Panama, began the process of closing its operations in the country last November and will finish it in November 2013.

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