Costa Rica: Opening of Medical Equipment Factory

A $40 million investment by St. Jude Medical has enabled the development of this new manufacturing facility.

Friday, September 10, 2010

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.

More on this topic

$25 Million Investment in Shoes

August 2011

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.

More Investments in Medical Devices Announced

June 2011

While production costs in Costa Rica are higher than in Asian countries, proximity to the U.S. remains a decisive factor.

Medical devices firm Volcano Corporation will invest $40 million to build and equip a 25,000 square meter plant in the Coyol area for the manufacturing of ultrasound catheters and precision tubing.

Honduras: $10 Million Taiwanese Investments

April 2011

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.

$40 million to be invested by St. Jude Medical in Costa Rica

January 2009

The company, which develops medical devices, is building a 20,000 m2 plant in Coyol, Alajuela.

Elfinancierocr.com reports: "It is expected that in 2010 some 500 workers will be manufacturing medical devices.

Initially the branch in Costa Rica will be used to expand production of medical devices for its line of heart valves."

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