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.
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.
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 German company Heraeus Medical Components has started operating, in Cartago, Costa Rica, a production plant for medical devices, including guidewires and catheters for cardiovascular access.
From a statement issued by the CINDE:
CARTAGO, Costa Rica - February 1, 2018- Heraeus Medical Components today celebrated the grand opening of its new production plant with state-of-the-art technology, which highlights its commitment to its global clients, with innovation and growth in Costa Rica.Recognized as one of the leading providers of medical supplies in the world, the Heraeus operation in Cartago will play a key role in manufacturing its Finished Devices business line. This line includes guidewires and catheters for cardiovascular access. To meet the needs of its clients, which are always evolving, Costa Rica is now part of the global operation of Heraeus Medical Components, which has facilities in Germany, Switzerland, the United States, Puerto Rico and Singapore.
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, "...
With an investment of $55 million the global company Smith and Nephew has started operating a new plant in Alajuela for manufacturing orthopedic devices.
From a press release issued by Smith Nephew:
British company expands operations in Costa Rica and expects to create up to 250 additional jobs for the next two years.
Operations have started at a plant in Alajuela owned by the company CooperVision, which manufactures soft contact lenses.
From a statement issued by the CINDE:
Coyol, Alajuela, June 15, 2016.CooperVision, an American company which is a leading manufacturer of soft contact lenses, today opened its new manufacturing facility in Coyol in Alajuela, where it will produce and distribute -initially to different regions of America and then the rest of the world - a line of silicone lenses for everyday use.
The permanent birth control device is being manufactured in the new plant that Bayer Medical started up in 2014, after making an investment of $12 million.
The plant began operating after the German company bought the assets of Conceptus, which included a patent for an inter-uterine contraceptive device to be manufactured in Costa Rica.
The company expects to produce 100,000 devices this year and increase production to 160,000 in 2016, for export to various international markets, including the United States, Canada and Europe. "
The high-tech company Microtechnologies has announced the construction of a new 9,500 square meter manufacturing plant in an industrial park in Coyol, Alajuela.
From a statement issued by Desarrolladores Inmobiliarios 4D:
4D to build high tech manufacturing plant in Coyol
· The investment for the new plant amounts to $15 million
Desarrolladores Inmobiliarios 4D is leading the financing, design and construction of the manufacturing plant for the multinational high technology company Microtechnologies (MTI) .
Tax Memorandum of Tezó and Associates on the verification of the information presented in the annual declaration of income tax.
Tax Memorandum by Tezó and Associates:
In March 2015 the SAT sent an email containing a reminder to some Special Taxpayers in respect to the maturity of the annual Income Tax affidavit (ISR). This email includes he notice with the following paragraph: "In April 2015, the SAT will verify the information presented in the annual ISR affidavit, for which reason it asks, among other things, for the integration of non-deductible expenses and receivables reported and declared. "
38% of the colombian companies who have invested in the country are dedicated to services, 28% to industry, 11% to construction and 23% to tourism, commerce or agriculture.
The service, food and manufacturing sectors are generating the most interest among Colombian investors, who in the last ten years have invested about $750 million in Costa Rica. Data from Procolombia added that in the same period, the Central American country has invested just $269 million in Colombia.
An announcement has been made that the company Apollo Endosurgery is to set up a 1750 meter device manufacturing plant in the Coyol area in the province of Alajuela.
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.
The country will promote foreign investment in these sectors, especially in areas with less development further away from the Greater Metropolitan Area.
The Costa Rican Coalition for Development Initiatives (Cinde) will focus on promoting investment in these sectors, diversifying its strategy of attracting investment and giving greater emphasis to the development of areas further away from the capital, where there is a stronger link with the productive sectors and agribusiness.
Businessmen in Costa Rica attribute the outflow of $31 million in the first quarter of the year to the close down of operations of businesses in the sector who have decided to move to neighboring countries.
The outflow of capital from the manufacturing industry during the first three months of this year is $7 million more than left the country in the same period in 2009, during the economic crisis in the United States, according to detailed figures from the Central Bank of Costa Rica.
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