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 German chemical-pharmaceutical company Bayer regarding the installation of its plant specialized in family planning reaffirms the impact of this specialized cluster on the Life Sciences industry. This plant will produce long-acting reversible contraceptives, such as hormonal implants and intrauterine systems (IUS).

Development of pharmaceutical industries

In turn, Costa Rica has a number of attributes for the development of pharmaceutical industries, such as a highly specialized labor force for manufacturing, efficiency, knowledge and talent of employees, as well as a good business climate and access to major markets.

“The quantity and quality of companies in the Life Sciences Sector that manufacture and export from the Park demonstrates our capacity to offer an optimal business environment, and the arrival of Bayer reaffirms the confidence of the large industries to continue growing in Costa Rica and in Coyol Free Zone”, said Carlos Wong, General Manager of the Park.

Coyol Free Zone offers a broad ecosystem of suppliers for Life Sciences companies within the Park, such as packaging, manufacturing, sterilization, logistics and export, which reduces costs and maximizes the time and resources of the companies.

Jimmy Suazo, manager of the new site that will be called Bayer Medical Alajuela, which is estimated to have approximately 28,000 square meters of construction and 6 production lines, explained that “Costa Rica has a wide trajectory in the manufacture of medical devices thanks to the fact that it offers a human talent extensively prepared in technical fields”.

CFZ is a park specialized in the Life Sciences industry where 31 companies operate, 7 of which are part of the top 30 medical device companies worldwide.

About Coyol Free Zone
Coyol Free Zone is the leading medical device export park in Costa Rica with over US$2 billion per year, equivalent to 58% of exports in the manufacturing segment of the country’s Free Zone Regime. It was designated as the Best Free Trade Zone in Latin America, Most Innovative Free Trade Zone of the Year and Business Center for Life Sciences and Advanced Manufacturing, according to The European magazine. It is ranked #7 in the Top 10 Free Zones in the world according to the international investment agency fDi Intelligence, and is part of the Top Free Zones 2020 ranking according to Site Selection Magazine.