Smith and Nephew invests $55 million USD in new factory in Costa Rica (The Costa Rica Star)
Global medical equipment company Smith and Nephew inaugurated today its new factory of orthopedic devices for sports medicine in the Free Trade Zone in El Coyol, Alajuela.
The new facilities required an investment of $55 million dollars and will add close to 250 jobs to the already existent 1,700. The English firm with headquarters in London will consolidate a total of 1,950 employments in Costa Rica.
The event had the presence of Costa Rica’s President Luis Guillermo Solis, as well as company and government representatives.
“The Government of Costa Rica is pleased to inaugurate this new factory with capacity to increase its operation by up to 250 new jobs. This is the result of the efforts of the country in strengthening the competitiveness conditions thanks to the strong alliance existent with productive and business sectors. Costa Rica is a stable economy that is currently in growth, it has a low inflation, it holds the first positions in competitiveness; the expansion of Smith & Nephew will consolidate its operation and our country in its capacity to attract foreign investment”, indi...
