Investment will create 600 new quality jobs within the first 3 years of operation.
February 2024. Freudenberg Medical, a global contract design and manufacturing (CMO) company for the biopharmaceutical and medical device industry, expands its operations in Coyol Free Zone, in Alajuela, Costa Rica.
The company, which has industrial centers in the Americas, Europe and Asia, will invest US$25 million in the construction of its second operating center, covering an initial area of 5,000 square meters, with a future expansion of 5,000 square meters more. With this significant investment, the new operation is expected to be up and running by 2025, and will create jobs for 600 people over the next three years.
Carlos Wong, Managing Director of Coyol Free Zone was pleased that a company like Freudenberg Medical is expanding its operations and creating new sources of quality employment in Costa Rica’s leading medical device export park, with over US$2 billion a year.
“This expansion demonstrates that the country has managed to consolidate itself as an ideal destination for companies in the Life Sciences sector. Costa Rica has the qualified and committed talent for companies like Freudenberg Medical to continue growing,” said Wong.
Freudenberg Medical currently operates in a 3,000-square-meter building in the Coyol Free Zone, which will become the specialized site for primary processing technologies, including thermoplastic molding and extrusion.
The new facilities will be focused on the assembly of large-volume minimally invasive catheters for electrophysiology, vascular and structural cardiac therapies, and other medical devices requiring high-precision manual assembly, as well as three ISO 7 clean rooms.
About Coyol Free Zone (CFZ)
Coyol Free Zone is the leading medical device export park in Costa Rica, with exports of over US$2 billion per year, which is equivalent to 30% of the exports of the manufacturing segment of the country’s Free Zone Regime.
Coyol Free Zone was named the Best Free Zone in the Americas, and Industrial Champions of the Americas by fDI Intelligence in 2023.
It is also the Best Free Trade Zone in Latin America and the Caribbean for the fourth consecutive year, the Most Innovative Free Trade Zone of the Year and the Best Business Center for Life Sciences and Advanced Manufacturing, according to The European magazine.
About Freudenberg Medical
Freudenberg Medical is a contract manufacturing organization (CMO) for the global biopharmaceutical and medical device industry. They have 11 manufacturing operations and more than 2,500 associates around the world.
It has been operating in Costa Rica since 2012, where it houses Freudenberg Medical’s Latin American operation. The manufacturing capabilities of the company in the country include finished device assembly, subassemblies, silicone molding, packaging and technology transfers.
Each Freudenberg Medical operating center has quality systems that operate under ISO 13485 certification and are registered by the U.S. Food and Drug Administration (FDA).