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 will be #31), 7 of them part of the Top 30 medical device companies worldwide. According to Nevro Corp., the decision to start operations in Costa Rica, and specifically in Coyol Free Zone, is based on the capacity of the human talent and the positive business climate.
“We are proud to be chosen by Nevro Corp. to install its first global manufacturing operations in Costa Rica. This news consolidates our position as the Best Free Trade Zone in the Americas and as a key player in the industry, since we represent 55% of all exports in this sector and concentrate approximately 50% of the medical device cluster in the country,” said Carlos Wong, Managing Director of Coyol Free Zone.
From its new facilities, Nevro Corp. will manufacture its proprietary high frequency spinal cord stimulation systems for the treatment of chronic pain, including its recently launched HFX product platform. These innovative products improve the quality of life of patients suffering debilitating chronic pain. With its plant in Costa Rica, Nevro Corp. seeks to ensure greater controls and efficiency in the manufacturing of its products.
Persons interested in professional opportunities in Nevro Corp. may obtain more information in: https://careersnevro.com/Costa Rica.
Coyol Free Zone is the leading free zone in the region and a pioneer in sustainability, environment and innovation. It was recognized as the Best Free Zone in the Americas and for the fifth consecutive year it stands out in fDi Intelligence’s Top 10 Free Zones in the World.
In addition, The European named it the Best Free Trade Zone in Latin America and the Caribbean for the second consecutive year and the Investment Monitor named the Park as the 2021 Overall Winner in its ranking, accrediting it as the most resilient Free Trade Zone in the world in the face of Covid19 and outstanding in Environmental Sustainability, Social and Corporate Governance, COVID19 Relief Packages, After-Sales Support and Back-up, as well as Digitalization and Local Impact.