New Medical Device Plant in Costa Rica

Volcano Corporation, a manufacturer of precision medical devices, has opened its first manufacturing plant outside the U.S., with an investment of $40 million.

Thursday, November 8, 2012

A statement by Volcano reads:

Volcano inaugurates in Costa Rica its first manufacturing plant outside the United States

• The $40 million investment in its new facility in Costa Rica is the largest the company has made in its history and the first outside the United States.

• The operation in Costa Rica will employ up to 800 people by 2016.

San Jose, Costa Rica. November 8, 2012: Volcano Corporation (NASDAQ: VOLC), a world leader in developing and manufacturing medical devices for precision guided therapies designed to improve the diagnosis and treatment of coronary and peripheral vascular diseases, today hosted the official opening of a new modern manufacturing facility in Costa Rica.

The company has invested $ 40 million in its plant measuring more than 14,000 square meters in Costa Rica. It is a center of excellence for the company, engaged in manufacturing in high volume Volcano disposable devices, including Eagle Eye ® Platinum®, Revolution ® and Visions ® PV catheters as well as PRESTIGE ® Pressure guide cables. This capital investment is the largest in the history of the company and has the potential for future expansion within the plant.

More on this topic

Navtar Starts Operations in Costa Rica

June 2013

With an investment of $4 million, the U.S. medical device supplier will open its first plant in Latin America and its fifth worldwide.

Navtar, a division of the corporation Tekni-Plex, Inc., is to locate the new plant in Zone Z in Cartago, the space will measure 1000 square meters, with the possibility of expanding its size to 3,700 square meters next year.

Neurovascular Devices Facility in Costa Rica

March 2013

MicroVention, Inc., a subsidiary of Terumo Corporation, opened a manufacturing plant for platinum coils and stents for neurovascular treatments.

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

First neurovascular manufacturing company opens the doors of its modern plant in Alajuela

New Medical Device Company

April 2012

Okay Industries has opened its 1,400 square meter plant in Costa Rica, investing over $1.5 million.

This specialist provider will be devoted to the manufacture of high precision metal components for the medical industry, such as:
- parts of surgical instruments.
- assembly line components for medical products.

Another Medical device Company in Costa Rica

February 2011

With a $ 4 million investment, Helix Medical is building its manufacturing plant to start operations in the first half of 2011.

Helix Medical, LLC, began construction of its new manufacturing plant in Coyol in Alajuela. The company will invest more than $ 4 million and employ over 100 people. Helix Medical anticipates the start of its operations for the first half of 2012.