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The U.S. company Natvar , corporate division Tekni-Plex, Inc. , announced this morning the opening of its first plant in Latin America, to be located in Costa Rica, specifically in Zone Z in Carthage.

According to a statement released by the Costa Rican Coalition for Development Initiatives (Cinde), the company invested $ 4 million in its facilities of 1, 000 square meters.

Furthermore, Natvar has plans to build a second phase that will expand its size to 3, 700 square meters in the next 12 months, which will create up to 100 new jobs.

Natvar Costa Rica will manufacture plastic pipe made ​​by extrusion processes to supply medical device companies already established in the country as well as for export to other customers worldwide.

According Cinde, tubing produced by Natvar used in devices ranging from chemotherapy treatments and wound care, to complex cardiovascular procedures, among others.

"Costa Rica is a growing market in the manufacture of medical devices and Natvar want to be here to meet our current and future. The opening of our new plant in Costa Rica reduce costs in the chain of suppliers. This message has got positively our customers, "said Bob Donohue, general manager of the company for the United States and Costa Rica.

Natvar operation in the country joins the four company plants in the U.S., Asia and Europe.

"We are showing to the international industry that our country is a venue that offers its operations: quality and sophistication while reduces production costs and time. This puts us in advantage over other competing countries, " said Gabriela Llobet, director of Cinde.

Tekni-Plex is one of the world's leading packaging material manufacturing and quality tubes and innovation for products used every day by millions of consumers around the world.

In the country, operating 51 companies in the Life Sciences industry and in the last five years, more than 25 have been installed.

In fact, last March the U.S. handset maker of Use neurovascular MicroVention, Inc., a subsidiary of Terumo Corporation, announced the investment of $ 8 million in opening its first plant outside their country of origin, located in Zona Franca coyol in Alajuela, which generated 150 jobs.

Furthermore, only in 2012, exports of Precision and Medical Equipment accounted for 18% of total industrial exports Costa Rica, while in 1998 this figure was barely 2%. This made ​​us, since 2010, the second largest exporter of medical devices in Latin America.

Export concentrated

Although the country operate more than 50 companies in the medical device sector, 85% of exports are generated by six companies: Baxter, Hospira, ArthroCare, Boston Scientific, Allergan and St. Jude Medical.

However, in recent times has seen the arrival of companies like CooperVision, the first contact lens manufacturer operating here.


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2013-03-20 12:19:34 by flaveur

"Obamacare" ..jobs destroyed in NY, WI, MA, etc.

Smith & Nephew Orthopedics is laying off an estimated 100 employees in Memphis and Andover, Mass., citing the 2.3% excise tax on orthopedic device companies as the reason.
Medical Device Tax: Cook Medical scuttles midwest expansion plans over levy
Cook Medical says it will not proceed on plans to open 5 new facilities in the midwest because of concerns about the medical device tax.
The company will likely pay between $20 to $30 million once the 2.3% excise tax takes effect in January, 2013

2013-03-20 12:20:55 by flaveur

Um, it's actual closings and layoffs. Hello?

Smith & Nephew Orthopedics is laying off an estimated 100 employees in Memphis and Andover, Mass., citing the 2.3% excise tax on orthopedic device companies as the reason.
Medical Device Tax: Cook Medical scuttles midwest expansion plans over levy
Cook Medical says it will not proceed on plans to open 5 new facilities in the midwest because of concerns about the medical device tax.
The company will likely pay between $20 to $30 million once the 2.3% excise tax takes effect in January, 2013

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