Industry: New Developments in Free Zone

In order to house companies that are about to start operations or for companies that need to expand their operations in Coyol Free Zone, the Costa Rican industrial complex is building new infrastructure for an area equivalent to 67,347 square meters.

Thursday, August 27, 2020

According to information disseminated by the industrial park located in Alajuela, Costa Rica, 17,725 square meters are currently being built, corresponding to new expansion processes of companies already installed and requiring more physical space to operate.

Check out CentralAmericaData's "Feasibility Studies of Real Estate Projects".

Elobservador.cr reviews that "... Additionally, the free zone is working on the construction of a multi-tenant building that will have a 9,000 m2 size to house the operation of 3 companies whose names are still in reserve."

CooperSurgical, Medtronic, Coopervision and Smith&Nephew, are other companies that have expanded their capacity, for which 29,622 m2 have been built in new industrial spaces.

Carlos Wong, Director of Coyol Free Zone, explained that "... The dynamism that Coyol Free Zone gives to the Life Sciences sector is an example of the predominant role that it has and that medical device exports will continue to have in the world, today more than ever its contribution to science and human health is valued and without a doubt, this pandemic reinforces the importance of the sector for Costa Rica."

Reports from CentralAmericaData state that during 2019, 56 environmental impact studies were presented in Central American countries for the construction of industrial plants, and Costa Rica concentrated 58% of the estimated investment.

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More on this topic

Logistics: Investments in Costa Rica

March 2021

Segex, a logistics company that operates in Costa Rica's Coyol Free Zone, invested $10 million to build new infrastructure and equip its facilities.

The Costa Rican company has invested to double its production capacity in order to offer integrated logistics services to important companies in the life sciences industry within the Coyol Free Zone.

Free Trade Zone Announces Ambitious Investment Plan

January 2021

America Free Zone, located in Heredia, Costa Rica, plans to execute an investment plan in the next few years totaling close to $120 million and contemplates the implementation of electro-lane stations and the construction of new infrastructure.

Executives of the business complex informed that up to now they offer their clients 200 thousand m2 of space for business activities, but the medium-term plans are to add another 60 thousand m2.

Textiles: $20 Million Investment in Manufacturing Plant

July 2020

Proquinal Costa Rica announced that it will reinvest $20 million in its coated fabric manufacturing plant, which is located in Spradling Free Zone Park in Coyol de Alajuela.

This reinvestment will allow the implementation of a new process within the plant that will increase its export capacity.

Industrial Parks: New Investment Announced

January 2020

Code Development Group announced that it plans to build a new free zone in Grecia de Alajuela, Costa Rica, which would house companies in the high technology sector.

Directors of Code Development Group, who are also part of the group of partners of the Free Zone of Coyol, reported that the new business park would be named "Code" and that the project already has the endorsement of the municipality of Greece.

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