The company has announced the phased closure of the operation in the country and the laying off of 1,500 workers over a period of 9-12 months.
In addition to the service center specializing in finance and technology in Costa Rica, the U.S. bank will also cease operations in the Philippines and Mexico, as part of an overall process of re structuring of the company.
The multinational has announced investments of $31 million to expand its plant in Cartago and open a new service center in Heredia.
From a press release by the Ministry of Foreign Trade:
With an investment of $31 million, the company Kimberly-Clark (KC) will strengthen its manufacturing operations and services in Costa Rica. The company will invest $27 million in its new plant in Coris, Cartago, plus an additional $ 4 million for a new Shared Service Centre located in Heredia and which will support its business network throughout Latin America.
On 26 and 27 November, the Hotel Real Intercontinental in San Jose, Costa Rica will host a business meeting between China and Latin America.
The China Latin America and the Caribbean Business Summit is the most important business meeting for trade and investment between Latin America and the Asian giant, which seeks to promote and strengthen trade and investment opportunities which have opened up between China and Latin America in recent years. The forum is held annually and the venue alternates between the two regions.
San Miguel Industrial Park is the only park that owns a construction and consulting company. We offer the Free Zone location with the perfect building to suit your manufacturing needs. Our flexible layouts allow an easy future growth. Because of this fact we can offer exactly what our clients need at a very competitive price. Clients can own a building or they can enter a lease agreement. Because of this flexibility many world known companies have chosen to work with us. We are licensed to build in Honduras providing the best free zone laws in the industry maximizing profitability.
Operates in Honduras and Honduras
Phone: (504) 2556-7373 - (504) 94510322
PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158