Multi-Nationals are doing well in Costa Rica

St. Jude Medical Company, which produces bovine tissue valves for heart, will end 2012 with about 700 people hired and the prognosis is to grow to 850 people in 2013, said general manager in Costa Rica, Javier Gomez.
In addition, next year plan to increase their product lines in the cardiovascular medical sector.
IBM, in its division of information technology, currently has 250 employees and has set a goal of reaching 1,000 in 2014, said Alberto Mainieri, manager for IBM Global Process Services area in Costa Rica.
This company also has a services division and now stands a new building in the American Zone.
The company Infosys, which is dedicated to the services of information technology, installed in our country a center for care of the American market and will start operating next year, while the Korean EPC engineering continues his attempts to install in our country engineering and design center, told Gabriela Llobet, director of the Coalition for Development Initiatives (Cinde).
Next week announced a reinvestment Cinde (an investment of British capital a company already established in the country), electronic components.
Here are some examples of the expansion that maintains FDI in our country.
Installed and new. This extension is twofold. One is the growth in the operations of foreign firms already established in the country and the other is coming to install new operations.
Llobet estimated that this year will end with positive numbers. In the first half of 2012 the investment already exceeded $ 1,000 million. She said that in December will give more detail on jobs and projects generated by this sector this year.
For next year, said director, hope to continue with positive numbers.
Abroad, firms that are installed in Costa Rica and are registered in the stock market, have had a down year.
Llobet highlighted two aspects of foreign investment. One is the high reinvestment component.
“A very large percentage is the reinvestment component of established firms, it is important because it shows how through different country’s competitive advantages, companies come to stay, to grow, to diversify, some that ripped as manufacturing after bring service operations, “said Llobet.
The other is to diversify the source of foreign investment with the arrival of companies from India and Korea, for example.

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