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Costa Rica Seeing Rapid Growth in Medical Device Sector
April 6, 2018
Advant Medical a global leader in Medical Device contract services and manufacturing solutions, recently announced a significant investment for its expansion into Costa Rica.
The Costa Rican expansion saw the opening of a 13,000 square foot facility with a 2,200 square foot, Class 8, cleanroom with capacity to manufacture Class I, II, III Medical Devices. Advant has also invested heavily in new state-of-the-art equipment and machinery to support its manufacturing capability in the region.
Advant is a high-performance solution provider of packaging and subcontract manufacturing for the Medical Device industry. The company is widely regarded for its expertise in Medical Devices in leading neuro-revascularization device assembly, catheter assembly incorporating electro-mechanical drive systems and high-end, high volume specialty dispenser manufacturing.
For his part, the Minister of Foreign Trade, Alexander Mora, said that:
“the medical devices sector has allowed Costa Rica to occupy more sophisticated connections in global value chains that are much more sophisticated and robust. In the past five years, medical devices became one of our main export products, increasing by 78% the shipment of these products abroad. Thus, we have positioned ourselves as regional leaders in quality, efficiency, experience and productive innovation. As a result, the country has been able to attract and make possible investments of leading companies in these productive processes. Advant Medical, with over 25 years in the market, has positioned itself, internationally, as a leading provider of high quality within the sector. In that value proposition, we are very proud that Costa Rica has a key position in its strategy, to attend one of its main and most demanding markets. As Central Government, we receive this news with great joy, and we wish the best successes to the company. ”
Full-service manufacturing is expected to commence at the new facility in April 2018 and recruitment of 30 new personnel is underway in areas such as Quality, Engineering, Production Operatives, and Administration. If interested, please email email@example.com.
Speaking about the new Costa Rican venture, Bob DiPetrillo, CEO, Advant Medical said,
“With a positive foundation from our initial experience in the country through a contract manufacturing partnership, we have a great appreciation for the excellent business and political environment that operates within Costa Rica.”
Read More at the Source: Medical Device Sector Continues Rapid Growth in Costa Rica – Costa Rica Star News