Demand continues to outpace supply in the Life Sciences industry, which works for clients in pharmaceutical, biotechnology, biomedical technologies, nutraceuticals, cosmeceuticals, and others. The recent boom in interest has been driven in part by the COVID-19 pandemic, as the sector exponentially grew due to activity around testing and vaccine development. The spike in demand for Life [...]
Nearshoring is among us. The Covid-19 pandemic generated one of the most relevant disruptions in trade and transportation since World War II, thus accelerating the relocation of companies that started a few years ago. The interruption in the logistics and production chains caused by Covid-19 lit the alarm light. While others are analyzing this new globalization [...]
Coyol Impulsa recognizes the efforts of companies linked to manufacturing processes in the Life Sciences Sector. November. Innovation, sustainability and the permanent development of products and services for the Life Sciences industry led five Costa Rican companies to be awarded in the First Edition of the Coyol Impulsa Award. This initiative is led by Coyol Free [...]
November. Coyol Free Zone, the specialized Life Sciences industry Park in Costa Rica, celebrates the opening of the global operations of Nevro Corp. (NYSE: NVRO), with a 35,000 square foot facility. Nevro expects to invest approximately US$21 million by the end of 2022 to support future growth initiatives. Thus, the Park reaches 30 operating companies (Bayer [...]
Companies inside Coyol Free Zone managed to keep all their personnel, and not only that, but they also created 1,500 new positions during 2020. These figures represent an increase of 10% in the current positions inside the Park, employing 16,500 people. Most of the new positions created in 2020, specifically 55%, were recruited virtually, and are [...]
Donation will promote health security for 1,700 people November. The medical, nursing and administrative staff of the San Rafael Hospital in Alajuela are now able to rest and take their meals more safely with the support of fifty screens, which have made it possible to expand and improve the capacity of the dining room of this [...]
Rankings highlight the resilience of Coyol Free Zone despite the impact of COVID19 The Park received 11 new awards in the last month October. Three world rankings, led by experts in attracting Foreign Direct Investment, determined that in 2021, Coyol Free Zone is the leading Free Zone in the region and a pioneer in sustainability, environment [...]
The investment is intended to contribute to its sustainability objectives. Bayer is committed to providing access to modern contraceptives for women in low- and middle-income countries and contributing to the United Nations Sustainable Development Goals (SDGs). The new state-of-the-art pharmaceutical plant, which will produce long-acting reversible contraceptives (LARC), is already under construction in the Coyol Free [...]
Coyol Free Zone’s Covid-relief strategy was recently recognized by the inaugural Economic Zones Sustainable Recovery Strategies Awards The Covid-19 pandemic has forced Free Zones worldwide to adapt and innovate in order to attract new investment and retain existing business, whilst putting in place policies geared towards recovery and resilience. Coyol Free Zone has managed to grow [...]
Bayer operations reaffirm Coyol Free Zone’s potential as industry cluster October. Our country is making steady progress in the consolidation as a destination for the pharmaceutical industry, and Coyol Free Zone is proof of this, as it is home to the new Bayer Medical Alajuela plant, an investment of around $200 million. This announcement by the [...]
