Why Costa Rica is Becoming a Prime Destination for Multinational Companies

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4 Success Stories: How Costa Rica Helped Global Brands Grow Designing Next-Gen Medical Devices: Johnson & Johnson MedTech

In September 2023, Johnson & Johnson MedTech announced the establishment of a new medical device manufacturing plant in Costa Rica, representing a significant investment and the creation of 3,000 jobs, the company states.

The group's new facilities in Grecia, Alajuela, span 19,000 square meters and mark Johnson & Johnson MedTech's most significant investment outside the United States. This investment brings substantial economic benefits to the region and highlights Costa Rica's strategic importance in the global medical device industry.

According to Gustavo Galá, international VP for Johnson & Johnson MedTech Latin America, “Costa Rica is a highly strategic location where we have been present for 40 years, and our company has greatly benefited from the country's local talent, which has specialized experience in our industry. We are confident that the manufacturing operation in Alajuela will significantly enhance our capabilities and sustain our long-term growth trajectory," Galá states. "Nearly 300 million patients are treated with Johnson & Johnson MedTech products worldwide each year, and the construction of a new plant in Costa Rica (increased) our capacity to deliver more innovative products that change the lives of our patients and keep our business on a continuous growth path.” (Press release, 2024)

PROCOMER's proactive efforts to diversify foreign investment growth aim to bring new investment to urban and rural communities alike.

Scaling Agricultural Biotechnology: Bayer

Established in Cañas, Bayer's facility operates as a global innovation center for biotechnological cotton. It conducts commercial evaluation trials for new cotton varieties and exports over 50,000 candidates for genetic improvement processes annually.

“Costa Rica is a country that, due to its strategic geographic location, political and economic stability, skilled workforce, and commitment to the environment, is especially attractive for investments in the expansion of R&D sites and the opening of new production sites,” says Miriam Limbach, Manager of Bayer Costa Rica. “In this way, we confirm our commitment to continue growing in Costa Rica,” Limbach added. (Press release, 2024)

The company's farms in La Palma de Abangares and Chomes de Puntarenas export over 40 tons of seeds annually. Costa Rica's energy infrastructure and high-quality production facilities helped Bayer scale its operations and research efforts in agricultural biotechnology.

Building Tech's Critical Core: Intel

Intel's significant expansion in Costa Rica showcases the country's attractiveness as a hub for high-tech industries. Initially drawn by the nation's economic stability and supportive government policies, Intel established operations in Costa Rica that have grown substantially over the years, notably with a majority of Intel's microchips being made in the country.

“Intel Costa Rica currently provides employment for 3,300 direct employees and over 5,000 contractors. Additionally, we have 26,000 square meters of manufacturing space and 17,000 square meters of laboratories for multiple software, hardware, and platform engineering operations," says Ileana Rojas, Global Vice President of Design Engineering and General Manager of Intel Costa Rica (Press release, 2024). "Our goal is to maintain the highest corporate standards in our operations and to continue playing a key role in the growing global demand for semiconductors,” states Rojas. "Collaboration with governments to enhance competitiveness and streamline processes across all our sites is also crucial.“

”Intel relies on the passion and commitment of Costa Rican talent, which has been essential throughout our history in the country," Rojas states. "Therefore, we will continue to invest in our people and promote more vocations in science, technology, engineering, and mathematics (STEM) to further Costa Rica's pivotal role in Intel's manufacturing, innovation, and product leadership strategy," says Rojas. "Our aim is to achieve a more balanced, resilient, and secure semiconductor supply chain.“

By 2023, Intel's operations included advanced semiconductor manufacturing, research and development, and shared services. Rojas says the company's investment in new facilities and job creation has reinforced Costa Rica's role in the global semiconductor supply chain. In addition, the country's highly skilled workforce and strategic location have been crucial in supporting Intel's growth, Rojas states.

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