Moog Medical Devices inaugurated a facility to produce infusion and alimentation devices at Free Zone “El Coyol”, in Alajuela.
The plant features 6.000 square meters of space, required an investment of $3.5 million and will employ 250 people in 2010, and 400 in 2012.
Moog’s Costa Rican operation is the first opened outside the United States. From here, the company will export directly to the U.S., and in a second phase to Europe and Asia.
The multinational company, which manufactures colors, flavors and fragrances, will serve Central America and the Caribbean from Costa Rica.
Sensient Technologies' operation in the country will comprise research and quality control, in addition to developing products for Central America and the Caribbean.
"This new location reinforces our commitment to service local markets by expanding geographically", said Kenneth P.
The medical devices company will close a facility in Florida, U.S., and move it to Costa Rica.
This plant, located in the city of Doral, produces parts for stents used in treatment of heart disease, and employs 1.400 people. Boston Scientific expects to definitively close the facility in 2013.
From Miamiherald.com: "The company is transferring the plant's work to a vacant facility in Costa Rica, where labor costs are much lower, said Frank Nero, president of the Miami-Dade Beacon Council".
Grupo Diveco announced the acquisition of two assets: the brand "Luxor", and its associated mattresses factory.
By merging LUXOR into Grupo DIVECO, the company is consolidating its operations in the region. It has production centers in Guatemala, Honduras, Nicaragua and now Costa Rica, and it controls a distribution network of over 2.000 points of sale in all the countries of Central America.
Grupo Diveco entered the local market by acquiring a local company.
The name of the Costa Rican company is still not known, and will be announced on October 22.
"However, El Financiero found that Diveco would have purchased a share of 'Colchones Luxor' a national company founded over 90 years ago. In 2005, Luxor expanded its activities to pillow and eiderdown production", reported newspaper El Financiero.
Selloro, a wooden floors factory owned by Grupo Decolosal, will restart operations in three weeks.
The company used to operate in Tocumen, but two years ago it had to shut down its operations, as a result of a lawsuit against the National Environment Authority.
After a $4 million investment, Grupo Decolosal, owner of Selloro, is getting ready to reopen its new facilities, now located in Tanara, Chepo.
A delegation of textile industry businessmen will visit the country the next week.
One of the members of the delegation could be the company Gildan, who has shown interest in investing in a new textile factory in the country.
Benjamín Bográn, Industry and Commerce Secretary, told Elheraldo.hn: "...a Canadian company intends to invest $52 million in the country, generating new jobs...".
The medical implements manufacturer inaugurates its second production plant in the Propark Free Zone in Costa Rica.
The new facilities of the multinational corporation Boston Scientific, which measure 26,000 square meters, required an investment of approximately $35 million. The company estimates it will hire an additional 2,400 workers in Costa Rica by 2011.
The multinational medical equipment manufacturer will open its plant in November in Coyol, Alajuela.
The site in Coyol, which will employ 200 people, will produce infusion pumps and irrigation pumps for IVs.
Hassel Fallas wrote in La Nacion’s website: "The site in Coyol is the first one that Moog will open outside the US, following the acquisition of Curlin Medical Company in 2006.
The Taiwanese factory, which will open in Granada between June and July, required an investment of $2 million.
The industrial boot production plant belonging to the Taiwanese Aleo Trade Company will start operations by employing over 200 people, and it is estimated to produce 600 thousand pairs per year.
The Elnuevodiario.com.ni website published: "In addition to renting the premises [for the factory], Amaral Consulting Group, is exploring the possibility of partnering with the Pfcresin company and investing $1 million to install a finished leather plant in Grenada for local consumption and for export to Chile, Venezuela and Cuba."
A Belgian-Spaniard company is building a wind turbine factory in the Panamá Pacífico.
The operation is being carried by Industria Tecnológica Panameña (Panamanian Technological Industry, in english) (ITP), a company that emerged from the union of the Belgian consortium Turbowinds and the Spaniard Holly World Computers. The former has 60% and the latter 40% of ITP.
U.S. based Caspian will build a gypsum board factory in the country and distribute the product in Central America.
The representatives of the company, Catamaount Group LLC, said it is very probable that the plant will be located in Choloma, which is near Puerto Cortes, facilitating the export of the product.
An article in La Prensa of Honduras indicated that the plant is the first of its kind on the isthmus, and that the American investors also have an interest in sectors such as agribusiness and tourism. They have the support the specialist firm ReedSmith LLP.
The German autoparts company expects to start operations by year's end in a free trade zone.
In 2008, company representatives announced their intention to operate in the country, planning to generate 2,000 jobs.
According to the an AFP report published in mipunto.com, "Because of the crisis, the factory decided to open operations with only 1,000 workers in the city of Masaya, 26 km south of Managua," said Alvaro Baltodano, the executive secretary of the Free Trade Zones Corporation of Nicaragua.
With the inauguration of the new distribution plant that is located in Chalatenango, Industrias Alimenticias Diana expects to serve the northern part of the country.
Daniel Calf, in his article of Elsalvador.com, writes: "The company invested $1.8 million in five blocks, where it built 2,500 square meters for offices, stores, a dispatch area, a cafeteria, waiting areas, and a gas station, which are located at the Amayo turn-off, kilometer 52 of the highway to the city of Chalateca."
With close to one million dollars invested, the packing plant was built and equipped at the La Cabaña sugar mill, and was inaugurated last Wednesday.
Roberto Goodall, president of Empaques y Sabores S.A de C.V. (Empaqsa), said to Elsalvador.com: "The infrastructure is the sixth investment by Empagsa, which now has a plant at each of the sugar mills, a task which was started in 2004. The total investment to date totals 3.5 million dollars.
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