Fijatevos.com - Look Deeper

Nitinol Devices & Component Inc. based in Fremont, CA, has announced its intention to establish an operation in one of Costa Rica's Free Trade Zone industrial parks later this year. According to an NDC press release, "the plant will produce medical guide wires that combine the company's core expertise in Nitinol processing technology with value-added extrusion, coating and assembly operations for medical device companies..."

The firm, which plans to hire 30 employees during the first year, is an example of the well-established medical-related foreign companies that have already established themselves here, mainly in industrial parks in the Central Valley that offer special tax breaks, among other advantages.

Computer pioneer Hewlett-Packard (HP) is is set to increase its operation in this country with an increase of 2,000 jobs over the next two years, the firm announced this week. The multinational giant will augment its service from a new building at the Ultrapark II free trade zone in which it has had an operation since 2002, starting with only 123 employees, and currently employs 6,500 workers.

The company uses the facility to support its offerings throughout the world, from servers and printers to the development of new software, a La Republica newspaper article reported. Despite worldwide economic uncertainties, HP is only one of a number of companies establishing or expanding in the nation, lured by an educated workforce and a stable society and government.