Costa Rica: $42 Million Industrial Investment

Kimberly-Clark announced that it will invest in its personal care manufacturing plant, distribution complex and global service center.

Wednesday, September 4, 2019

The investment will bring state-of-the-art technology to the factory in Cartago to support the increased production of its baby and child care and women's care businesses, according to the Costa Rican Coalition of Development Initiatives (Cinde).

You may be interested in "Central America: $240 Million in Industrial Investments

From the Cinde statement:

Coris, September 4, 2019 - Kimberly-Clark announced a $42 million investment in its production plant and distribution center in Coris and the Center for Global Services in Costa Rica during a visit this Wednesday by the President of the Republic, Carlos Alvarado, to the production plant in Coris de Cartago.

The investment will bring state-of-the-art technology to its factory to support increased production of its baby and child care and women's care businesses, enhance expansion at its national headquarters and the Global Shared Services Center, and support job creation in the country.

"This is a day of pride for Kimberly-Clark, our country and the communities that have been our home for many years," said Gonzalo Uribe, vice president of Kimberly-Clark's North Latin America region.

"This investment represents the great history we have in Costa Rica and our commitment to grow our business here. We are proud to be a center for providing the essential products needed in Latin America and also to be a company where people can develop their careers," Uribe added.



More on this topic

Kimberly-Clark Suspends Operations in Venezuela

July 2016

The corporation has decided to suspend operations indefinitely "due to the continuing deterioration of economic and business conditions ."

From a statement issued by Kimberly-Clark:

CARACAS, Venezuela, July 9, 2016 / PRNewswire / - Kimberly-Clark Corporation (NYSE: KMB ) today announced the indefinite suspension of all operations in Venezuela, with immediate effect, due to the continuing deterioration of economic and business conditions.

More Investment From Kimberly Clark in Costa Rica  

January 2014

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.

Kimberly-Clark Will Increase Production by 50%

July 2009

With a $24 million investment in expanding its production facility in El Salvador, output will reach 240 metric tons of tissue paper.

The investment is done within the framework of the "Proyecto Cortés," which aims to expand the factory located in Sitio del Niño, in San Juan Opico.

Kimberly Clark to invest $31 million in El Salvador

December 2008

This figure will be used to expand the plant located at Sitio del Niño, La Libertad.

The amount of the investment is $31 million and will be used to install a new machine to manufacture toilet paper and a factory that will prepare recycled paper paste.

The equipment will be installed and ready to function next August and will help to add 100 more employees to the payroll.

 close (x)

Receive more news about Industry

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Sep 25)
Brent Crude Oil
42.260
Coffee "C"
115.85
Gold
1,856
Silver
22.915