Continental spurs hopes for Costa Rican auto industry

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.

Wednesday, April 30, 2008

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.
The decision shows that Costa Rica has advantages over other countries in attracting auto industry investment, said Gabriela Llobet, director general of the Costa Rica Investment Board (CINDE).
Costa Rica's advantages include "the quality of its workforce, access to many markets and a wide range of suppliers that already operate in this country," Llobet said.

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