Alajuela, Costa Rica (May 23, 2024) – Cadence, Inc., a medical device contract manufacturing organization (CMO) and strategic partner for leading global medical device OEMs, announced today the grand opening celebration of its facility in Costa Rica. The celebration is a significant step in the company’s continued commitment to growth, innovation, and investment to best meet the needs of their MedTech partners worldwide.
The grand opening brought together industry leaders, government officials, and honored guests to commemorate the facility’s inauguration. “We believe our location in the Coyol Free Zone is a competitive advantage for Cadence and are proud to be a part of this thriving medical technology sector,” said Adrian Casares, Director of Operations, Cadence Costa Rica. Cadence’s newly remodeled manufacturing facility offers a state-of-the-art International Organization for Standardization (ISO) Class 7 cleanroom, finished device assembly capacity, value-add services and vertically integrated precision machining technologies, delivering exceptional manufacturing solutions for their customers.
“Costa Rica offers a strategic location, a talented workforce, and a sustainable environment, making it the ideal destination for expanding our operations outside of the United States,” stated Cadence’s President and CEO, Rob Werge. “Today’s celebration is a testament to Cadence’s commitment to better supporting our customers’ evolving needs while providing nearshore capacity in growing medical device manufacturing.”
“We welcome Cadence operation to the country and thank them for their trust in our offer and attributes to grow and supply their partners from Costa Rica. Our solid medical device cluster keeps growing and attracting further players that bring more investment, enhancing our value chain, and job opportunities for our people. Cadence comes to Costa Rica through an acquisition, demonstrating the importance of having diversified FDI investments models” stated Manuel Tovar, Foreign Trade Minister.
Cadence anticipates expanding its current capabilities in Costa Rica, allowing growth to reach full plant capacity of $40 million dollars in revenue and doubling its workforce. Cadence’s current and future investments in Costa Rica highlight their long-term commitment to helping advance medical device technologies, creating job opportunities, and contributing to the local economy.
“We extend our congratulations to Cadence on the opening of their new facility in Costa Rica and express our deepest gratitude for the trust they have placed in our country for the development of their operations. Costa Rica has firmly established itself as an ideal destination for foreign direct investment, owing to our unique value proposition which includes highly qualified human talent, a stable and sustainable environment, and a steadfast commitment to legal security. Additionally, our robust investment ecosystem supports the growth and successful operation of enterprises. From PROCOMER, we reiterate our unwavering commitment to supporting Cadence in all phases of their operations in Costa Rica.”, said Laura López, CEO of The Trade and Investment Promotion Agency of Costa Rica (PROCOMER).
For more information about Cadence, Inc. and its commitment to excellence in medical device contract manufacturing, please visit cadenceinc.com.
About Cadence, Inc. – Cadence is a vertically integrated medical device contract manufacturing organization, providing best-in-class product design and development through complete manufacturing and supply chain management of finished devices for various therapeutic areas. Cadence employs approximately 800 people worldwide with its corporate headquarters in Staunton, Virginia and additional locations in Connecticut, Pennsylvania, Rhode Island, Wisconsin, Florida, and Costa Rica.