Tech News Summary:
- Freudenberg Medical is investing $25 million to establish a second manufacturing site in Costa Rica, expanding its global capabilities.
- The new facility, set to open in 2025, will focus on high-volume, minimally invasive catheters and other precision medical devices, initially covering 50,000 square feet.
- The expansion demonstrates Freudenberg Medical’s commitment to Costa Rica and represents significant growth for the company and the country’s healthcare sector.
Freudenberg Medical, a global developer and manufacturer of medical devices, has announced the expansion of its operations in Costa Rica with the opening of a second site. The expansion comes as a response to the growing demand for its products and services in the medical industry.
The new facility, located in the Coyol Free Zone in Alajuela, will allow Freudenberg Medical to increase its production capacity and better serve its customers in the region. The company’s first site in Costa Rica, located in the Zona Franca Barreal, has been operating since 2016 and has successfully contributed to the company’s growth in the region.
The decision to expand in Costa Rica was driven by the country’s strategic location, highly skilled workforce, and favorable business environment. Costa Rica has established itself as a key player in the medical device manufacturing industry, making it an attractive location for companies looking to expand their operations in the region.
“We are excited to announce the expansion of our operations in Costa Rica with the opening of our second site. This expansion reflects our commitment to meeting the growing demand for our products and services in the medical industry,” said Dr. Max Kley, President and CEO of Freudenberg Medical. “Costa Rica has proven to be an ideal location for our operations, and we look forward to continued success in the region.”
The new facility is expected to create job opportunities for the local community and further contribute to the economic development of the region. Freudenberg Medical’s expansion in Costa Rica is a testament to the company’s continued growth and investment in the region.
With the opening of its second site in Costa Rica, Freudenberg Medical is poised to further strengthen its position as a leading developer and manufacturer of medical devices in the region and beyond. The company remains committed to delivering innovative solutions that improve the lives of patients worldwide.