Between 2020 and 2023 Nevro plans to invest $21 million in the commissioning of an industrial plant of more than 3 thousand square meters in the Coyol Free Zone, in Alajuela.
The company based in California, United States, is dedicated to the manufacture of medical devices that are demanded by patients suffering from debilitating chronic pain, reported the Costa Rican Coalition of Development Initiatives (Cinde).
After investing $100 million, Edwards Lifesciences opened its second heart valve manufacturing plant in La Lima, Cartago.
The 24,455-square-meter industrial plant is located in the La Lima Free Zone industrial park, according to the Costa Rican Coalition of Development Initiatives (Cinde).
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.
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).
In Costa Rica, Thermo Fisher Scientific opened a new 1,400 square meter distribution center in Coyol Free Zone, Alajuela.
This investment represents the third expansion of the company in the country in 7 years, and with its new distribution center Thermo Fisher increased its installed capacity by 52%, reported the Costa Rican Coalition of Development Initiatives.
The medical device manufacturer Precision Concepts Medical Technologies will invest $5 million in the construction and operation of a new plant in Costa Rica.
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.
On October 15 and 16, Costa Rica will host an international congress for companies in the life sciences sector.
From a statement issued by the Cinde:
San Jose Costa Rica. May 17, 2018.On October 15 and 16, Costa Rica will be the meeting point for high-level exhibitors in the life sciences industry, decision makers of the world's leading companies in the sector, key suppliers, consulting firms, among others, in the fourth edition of the Life Sciences Forum Costa Rica 2018, organized by the Costa Rican Coalition of Development Initiatives (CINDE).
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.
The company of Danish origin reported that "...In January 2019, Coloplast will start operating in a temporary location, located next to what will be its new manufacturing plant.
Microvention Terrumo, manufacturer of neuroendovascular devices, will be expanding its plant in Costa Rica, in order to increase the product lines and units that it exports from the country.
The new facilities are expected to start operating during the third quarter of this year.
In a press release, Marco Bruno, director of the plant, said that"...
The Irish manufacturer of medical devices by contract, Advant Medical, announced its intention to expand its operations with the installation of a plant in Costa Rica.
From a statement issued by the CINDE:
Heredia, Costa Rica, April 4, 2018.Advant Medical, a world leader in services and manufacturing of contract medical devices, recently announced its intention to expand its operations with the installation of a plant in Costa Rica.
With a $15 million investment, the US company Microtechnologies has expanded its specialized device production plant located in Coyol de Alajuela, Costa Rica.
The company specializes in the design and manufacture of critical miniature components that change the market through its use in platforms such as engine management systems, invasive surgical devices and safety controls for occupants.
The governments agreed to improve market access conditions for tires, sanitary ware and certain textile products, and to update the rules of origin for active liquid preparations or creams for washing skin, and medical devices.
From a statement issued by the Ministry of Foreign Trade of Costa Rica:
San José, November 30, 2017. Authorities at the Ministry of Foreign Trade of Costa Rica and the Ministry of Commerce, Industry and Tourism of Colombia held a second meeting of the Free Trade Commission, the body in charge of the administration of the Free Trade Agreement between the two countries since August 2016.The Costa Rican delegation was headed by Vice Minister Jhon Fonseca, while that of Colombia was led by Vice Minister Olga Lozano Ferro.
The new consortium CR Med Supply consisting of ten medical device manufacturing and exporting companies aims to improve its positioning, particularly in the US markets and Canada.
CR Med Supply consortium begins its management with a view to markets such as the United States and Canada
With the aim of promoting the country's competitiveness, economic progress and social development of companies that provide inputs to the medical device sector, 10 Costa Rican suppliers took the initiative to form the CR Med Supply consortium.
A study by Procomer analyzes the market for the manufacture of medical devices in the North American country, made up of 5,348 companies, of which 91% are small businesses.
From the executive summary of the Procomer study "Medical Device Industry in Canada":
The Canadian medical device industry, was valued at $ USD3.107 million in 2015, it is characterized by being integrated to all the links of the value chain, from applied research to the manufacture of the final product, favored by factors such as availability of human talent, the facility for carrying out clinical studies and a collaborative environment between industry, government and research centers.
Edwards Lifesciences has announced that as part of the expansion plan for its operations in Costa Rica, it will start construction of a new heart valve manufacturing plant in Cartago.
The company dedicated to the manufacture of heart valves started construction of the new plant next to the current one, located in the Zona Franca La Lima, in Cartago. Heart valve devices will be manufactured in the new facilities, "...
The multinational Hospira will be gradually closing manufacturing operations for infusion equipment in the Dominican Republic in order to transfer to facilities operating in Costa Rica.
The company told Nacion.com that"... after careful analysis of product volume and global manufacturing capabilities, we made the difficult decision to discontinue manufacturing operations in the Dominican Republic and transfer most of the installed plant operations to Costa Rica".
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