US-based Nextern, a multinational medical devices company, has announced plans to establish a new production facility in La Lima Free Zone in Cartago, Costa Rica. In addition to manufacturing operations, the facility will also house a design, research and engineering team to facilitate new product creation and improvements for existing devices.
General manager of Nextern Costa Rica Gustavo Quesada stated: “This new plant is extremely important to Nextern because, in addition to increasing our manufacturing capacity, it will allow us to leverage local talent to design and improve our medical products.” The company plans to hire senior bilingual professionals in process engineering, product development engineering and quality engineering, as well as buyer planners. Nextern will also offer opportunities to manufacturing operators with at least five years of experience.
After considering other locations across the Americas, the company chose Costa Rica for its new plant due to the country’s talent pool, transport links, solid supply chain and strategic location to the North American market.
Andrés Valenciano, Costa Rica’s Minister of Foreign Trade, welcomed the news, commenting: “Our country consistently keeps developing a talented and highly skilled workforce valued by companies. In addition to political stability, our vision of sustainable development, and a great business environment, we offer valuable conditions for investors who search for locations that allow them to increase their efficiencies.”
Jorge Sequeira Picado, managing director of CINDE, the Costa Rican investment promotion agency, continued: “We thank Nextern for its trust in Costa Rica’s value proposition: people, planet and prosperity, as a response to client demands in industry 4.0. With Nextern’s arrival to Costa Rica, our country now totals 90 companies in the life sciences sector that trust in our country as a site for their operations. Exports in this sector have grown an average of 13% year on year since 2010, reaching almost $4bn in 2020. CINDE estimates that by the end of 2022, exports could reach $5bn.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData