Medical Devices: New Investment in Costa Rica

The company Medtronic inaugurated in Coyol Free Zone its new plant dedicated to the manufacture of precision medical devices, an investment with which it seeks to double its operations in the country.

Wednesday, September 11, 2019

Medtronic has a commercial presence in Costa Rica since 2015. Between 2017 to date, it has grown from 140 to more than 500 employees, and its plant manufactures components for medical devices used for spine surgeries, which are sold in several parts of the world, reported the Costa Rican Coalition of Development Initiatives (Cinde).

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The Cinde statement says that "... Geoff Martha, executive vice president and president for Medtronic's Restorative Therapies Group (RTG) said: "We know that Costa Rica has become an important commercial destination for the innovative medical device industry. The country's good conditions for investment, qualified human talent and strategic geographic location drove us to expand our operations."

The statement issued on September 11 adds that "... With this announcement, the company consolidates its position as the largest employer of precision mechanics in the country, and begins a process to double the operation and the number of jobs in the country, which is expected to be completed in the medium term.

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