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.
With $10 million worth of initial capital, a company will be set up to manufacture sports equipment.
A Taiwanese backed international sporting equipment company will begin operations in Honduras in the coming days with an initial investment of $10 million and creating 200 direct jobs, according to Romeo Silvestri, head of the Committee for Special Development Regions of the country's congress.
The Brazilian group Schmidt Irmãos has opened a factory in Nicaragua specializing in the manufacture of footwear.
The plant, with capacity to produce 4.5 million pairs of ladies shoes a year, is located in the Saratoga Free Zone Industrial Park, in the municipality of Mateare, 14.5 kilometers northwest of Managua.
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