Medical Device Plant Investment

The medical device manufacturer Precision Concepts Medical Technologies will invest $5 million in the construction and operation of a new plant in Costa Rica.

Monday, October 15, 2018

According to the Costa Rican Coalition of Development Initiatives (Cinde), the health sector company's investment will focus on the construction of a building and the implementation of state-of-the-art technology.

See "Central America: $140 million in Industrial Projects"

Cinde explained in a statement that Precision Concepts Medical Technologies, which started operations as a precision mechanics workshop and is now a contractor offering engineering solutions and complete assemblies, will be increasing and strengthening the molding and engineering services.

" From the beginning, the philosophy of Precision Concepts has been based on meeting and exceeding the expectations of our customers. For this reason, we have been building a path to excellence and we have developed more and better capabilities that allow us to offer higher value-added processes and thus achieve the strengthening of our operations while maintaining high quality standards. I am very pleased and excited about this significant investment that we will make and that will undoubtedly contribute to the positioning of the company and advance to the next level," said Vince Marino, founder of Precision Concepts.

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May 2018

In Costa Rica, the manufacturer of medical devices for continence and ostomy, Coloplast, has announced that it will be building a manufacturing plant in La Lima free zone, in Cartago.

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From a statement issued by the Costa Rican Coalition for Development Initiatives (CINDE):

Apollo Endosurgery, Inc., a US medical device company, today announced that it has chosen Costa Rica as a site to install its new manufacturing plant in Coyol, Alajuela, where it will develop a variety of products including LAP-BAND® System - the only device approved by the FDA for weight reduction in people with at least one health problem related to obesity and who have a Body Mass Index of 30 or more.

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A statement from the Costa Rican Coalition for Development Initiatives (CINDE) reads:

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