Sylvania invests in New Equipment in Costa Rica

The company is betting on increased sales to Europe and the US with a $1 million investment.

Thursday, April 2, 2009

The goal is to increase competitiveness in order to cope with the crisis which forced the company to lay off 200 employees in February. Moreover, the new facilities are environmentally friendly, having added a treatment plant for water used in the industrial process.

Journalist Leticia Vindas reported on the declarations of Jose Luis Perez, manager of Sales, Finance and Operations in the El Financiero website: "We have the Design Center for the Americas in Costa Rica, i.e. from here we create the most modern and innovative products in lighting. The technology that we implemented allowed us to go from three minutes to 33 seconds on each manual creation of a lighting structure."

More on this topic

More Investment by Intel in Costa Rica

February 2012

The processor giant will invest $80 million in equipment upgrades at its plant in Belen, Heredia, in order to produce a new chip.

Modernization is necessary for the production of a more advanced chip and for optimizing the plant’s infrastructure, said Mike Forrest, general manager of Intel Costa Rica to Nacion.com.

Havells Sylvania closes a division in Costa Rica

February 2009

The multinational company closed the starter area, resulting in the loss of 200 jobs.

According to the article on elfinancierocr.com: "The move is related to the global financial crisis and the negative effect that it has had on the fluctuation of demand by consumers, the fall in the global economy and the shift in the business panorama."

Treatment of wastewater in Panama

January 2009

Developers will have to build the treatment plants at their own expense, and then transfer them free of cost to the National Water and Sewer Institute (Idaan).

The article published in Prensa.com, says that "the cost, including land and construction, will have to be paid for by the developer.

Lincoln Electric considers investing in Panama

January 2009

The multinational company, a global leader in welding equipment, is considering expanding to the region via Panama.

Prensa.com reports: "No decision has been made yet, but the company could set up a sales office or regional training center in Panama, or even an industrial plant.

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