Two U.S. companies from the medical devices segment, St. Jude Medical and Moog, are building their production facilities in El Coyol Free Port in Costa Rica. These companies join other four factories already operating in the park. Since its inauguration in April 2007, 60.000 square meters have been occupied from 400.000 available, and 600 jobs have been created, while 2.000 positions would be added for 2010.
Carlos Wong, El Coyol Free Port manager, told newspaper Nacion.com that "even though a large number of companies visit the place with the intention of establishing there, the crisis is delaying the decision. The time frame for taking these decisions is longer now, because of the limitations of the financial markets. Where it used to take 18 months, it now takes 24".
In Costa Rica the industrial zone in El Coyol, because of its location, has become a development hub which is constrained by lack of infrastructure.
"The opening of the intersection between the highways, the expansion and improvement of the stretch of road going from El Coyol to the Airport, as well as support form the ICE to improve power distribution infrastructure in the area have all contributed to an acceleration of growth, and as a response to this important developments such as the Coyol Free Zone, Grupo Monge, Laica, Gollo, Walmart, Durman Esquivel and a significant number of other companies have moved to the area," explained Carlos Wong in his article in Elfinancierocr.com .
Since yesterday, the sterilizing plant owned by American company, BeamOne, began its activities at the Coyol free zone in Alajuela.
Nacion.com reports: "Before BeamOne, the country was lacking in sterilization services, providing an advantage to Puerto Rico and the Dominican Republic in attracting companies from the medical industry.
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