Tuesday, September 21, 2010

"St Jude Medical invests $670 million in Costa Rica!"

St. Jude Medical, named FORTUNE Magazine’s “Most Admired Medical and Precision Equipment Company” in 2007 and 2008, has decided to set up manufacturing operations in Costa Rica.
St. Jude Medical will initially use its Costa Rica facility to expand production of the company’s heart valve portfolio. The global medical device company, based in St. Paul, Minn., USA, develops products for cardiac rhythm management, atrial fibrillation, cardiac surgery, cardiology and neuromodulation.
The construction of St. Jude Medical’s new plant began in December 2008 in Coyol Free Zone, Alajuela. The 350,000 square-foot facility, now employs more than 250 people.
St. Jude targets to create an additional 50 jobs before end-2010 and plans to invest $670 million in Costa Rica and eventually employ 2,000 people over the next five years.

“St. Jude Medical has chosen Costa Rica as an expansion site because of its robust business environment, talented workforce, and its strategic location in an area where we see strong growth potential.

Costa Rica represents a lucrative expansion market for St. Jude. The medical devices industry has emerged as the third-largest exporter in the Central American country with annual exports of roughly US$1.1 billion.

We are thrilled with St. Jude Medical’s decision to start operations in our country. This confirms Costa Rica´s high standards of quality and its sophisticated workforce, which allow medical companies to perform complex manufacturing.

Extracted from Periodico La Nacion, Costa Rica.

Saturday, September 18, 2010

World-class company in Costa Rica

The World Health Organization currently ranks Costa Rica as the 36th best health care system in the world.

The U.S. is ranked 37th. Costa Rica is home to highly trained physicians that provide quality health care and serve medical tourists at a fraction of the cost compared to the United States and Canada.

The American company Abbott, which specializes in health care, "announced it will open a manufacturing plant for cardiovascular catheters devices, for which it will invest $ 50 million. That figure will go to salaries and the construction and equipping of 16,000 square meters (172,000 sq feet) facilities, which will rise in the free zone The Coyol, Alajuela

The soil removal work for the future construction of the plant Abbott began several days ago.

Costa Rica has a favorable environment and has a skilled workforce, this is one of many reasons why this type of companies choose our country.

The company expects to employ up to 500 people at this new site by the end of 2012, a figure rising to 3,000 in the medium term.

Abbott is a leader in the field of medical devices, and once again confirms that Costa Rica offers favorable conditions to expand International operations. Among these conditions we must mention political and economical stability, skilled and educated labor force, infrastructure, and more.

The Abbott company, considered the world's most admired pharmaceutical Rank according to the latest Fortune magazine, has plants in the U.S.. UU., Canada, UK, Ireland, Switzerland and Germany.

This would be the fourth opening (or reinvestment) in four months: Nitinol Devices & Components started operations in June; Motif opened its headquarters last August, and St. Jude Medical expanded its operations in the country just a week ago.

Extracted from Periodico La Nacion, Costa Rica.

Friday, September 3, 2010

The Best Countries in the World.

As published a few days ago by the Newsweek Costa Rica has been feature on the 35th place (over all ) as one of the best countries in the world, our country is just below Chile and it is the second place in Latin America.
Giants like China or Brazil are often beasted by tiny nations like ours simply because it takes less effort for this countries to improve the overall levels of well-being.
A good broad-based educational system is crucial - it is very closely linked to future economic prosperity.
There are no models for a national success, the winners of this ranking are quiet a varied group, and have found myriad ways to creat vibrant, healthy and happy societies.
Remember that, smaller is often better.

Newsweek publication August 23&30, 2010.