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Everyday more and more foreign companies invest money to consolidate in Costa Rica, because it is a country with financial stability that offers them high quality professionals and an ideal location for business.
It is the Foreign Direct Investment sector which generates more direct jobs in the country: 50 thousand, a number that would rise to 60 thousand by 2016, according to the Costa Rican Investment Promotion Agency (CINDE).
While foreign companies endorse the benefits that Costa Rica offers to make their business grow, national organizations have seen their products expand locally and internationally, forcing them to improve their sales strategy and upgrade them.
Mondaisa, a Costa Rican world class company
A clear example of business success is the Costa Rican company Mondaisa that on 2015 invested $2 million to expand its production facility located in Escazú, and acquire new equipment.
The more than 40 tea presentations produced by Mondaisa are exported to New York, Miami and Washington, on the east coast of the United States; to all Central America and the Dominican Republic. Soon, the products with the Mondaisa label will arrive to Puerto Rico, Perú and Colombia.
The plant expansion meant hiring 25 workers; while it is expected to offer 10 more jobs over 2015 and 15 by 2016.
Miguel Miranda, president and general manager at Mondaisa, said in recent days to El Financiero that the investment was made to take advantage of the remarkable growth of about 20% annually in the demand for tea in the international market.
Cargill, Cinta Azul and Pipasa, examples of solid expansion
About $100 million would invest in Costa Rica, between 2015 and 2020, the international company Cargill, owner of Cinta Azul and Pipasa.
The amount would be divided as follows: $50 million for operation purposes (vehicles, systems, sustainability, etc.), and $50 million more to expand the business (logistics and distribution).
Cargill, as well, has the Cargill Business Services (which will employ 200 people) in Belén, Heredia. This offers multiple services in the areas of computing, logistics, distribution, purchases and finances, and human resources.
Foreign and Services companies enhance their businesses from Costa Rica
Today, in Costa Rica operate about 140 services centers, plus 120 companies linked to the sector, number that would rise by at least 20 companies more on 2015, estimates CINDE.
Among the firms that recently established or expanded in Costa Rican soil are:
- The Shared Services Center of Bacardi. Investment: $400 thousand.
- The Services and Engineering centers of Emerson.
- The Western Union services center. The company payroll increased 20% in 2014 and on 2015 will hire 150 workers more, thanks to that it will expand its business to another floor in Fórum 2 (Santa Ana).
- Amazon. The company invested in a new services center in Heredia.
- Procter & Gamble. The creation of its Latin American Supply Chain Planning Center represents an investment of $5 million.
- Citi. The Citi Campus meant an investment of $35 million.
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Consulted source:
elfinancierocr.com