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.
The company Sylvania has announced that it will be expanding its capacity to manufacture LED products in Costa Rica with the construction of a new 2 thousand square meter production plant.
Representatives from the company explained to Elfinancierocr.com that "...At the moment, it is in the preliminary draft phase (three to four months for the development of plans and architectural plans), construction could begin at the end of May and is expected to be completed in six months time."
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.
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.
In Guatemala, SMEs are being invited to take part in the next Central American Manufexport fair, to be held in Antigua, in September 2018.
A call is being made to SMEs from the sectors of food and beverages, hygiene and personal care, cleaning for the home, plastic products, cosmetics, and other manufactured goods to participate in a business conference which will take place on the 26th and 27th of September 2018 in Antigua, Guatemala.
The U.S firm Communications System has announced the closure of its plant manufacturing Suttle telecommunications equipment in Alajuela, so as to move the operation to Minnesota.
The company has operated the plant manufacturing traditional telephony and telecommunications since 1989.The decision to close the operation, for which it employed 113 people, is due to a reduction in the revenues from the line produced in the country.
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 meeting in Guatemala will focus on various manufacturing segments, cosmetics, plastics, wood and food and beverages.
The 8th. edition of MANUFEXPORT Retail Supply will be held from on Septemberg 7th-8th 2016 in Santo Domingo del Cerro, Antigua Guatemala.
From a statement issued by Agexport:
The export manufacturing industry is a highly dynamic and innovative sector and every year implements new strategies and business models to potentiate its exports, which represent 30% of Guatemala's total exports and which generate about 200 thousand jobs. One of the goals set for this year, 2016, is to surpass by 6% the $3.585 million already exported, according to the Bank of Guatemala, from January to November 2015.
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. "
It has been reported that 63 foreign companies operate facilities for manufacturing medical supplies and devices in areas such as neuromodulation, dentistry, cardiovascular, orthopedics and endoscopy.
At the end of 2014 exports of medical devices totaled $1.9 billion, ie 19% more than reported in 2013. It is estimated that the manufacture of these products brings an estimated $0.55 of value added for each dollar exported.
The purchase by the German company of the assets of Conceptus include a Patent for an intertubal contraceptive device which will go into production at the Metropolitan Free Zone in Heredia.
Bayer announced that the plant will be producing a new permanent birth control device. The first stage of the plant has been in operation since October 2014, dedicated to assembly and other tasks in the manufacturing process, but the product has not yet been marketed or exported because it is now in the certification stage.
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.
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