- Photo via Nevro Corp. -
Published on Friday, November 12, 2021
By the A.M. Costa Rica staff
Redwood City, California- based Nevro Corp., a global medical device company that is providing innovative, evidence-based solutions for the treatment of chronic pain, inaugurated its global manufacturing operations in Costa Rica.
"As part of our growth plans, Nevro is proud to establish our very first insourced global manufacturing operations in Costa Rica,” said D. Keith Grossman, Chairman, CEO and President of Nevro. “Our new facility will ensure that we have the most efficient cost structure and flexible capacity for our pipeline of future products, while maintaining the highest level of quality control as we scale. This investment will allow us to continue to accomplish our mission to deliver comprehensive, life-changing solutions that continue to set the standard for enduring patient outcomes in chronic pain treatment."
The facility, located in the Coyol Free Trade Zone in Alajuela Province, covers approximately 10,700 square meters. Nevro expects to invest approximately $21 million by the end of 2022 to support future growth initiatives. This new facility enables Nevro to establish its own manufacturing operations in Costa Rica, thus ensuring greater controls and efficiency in the manufacture of products to patients around the world.
According to the company, the nation’s positive conditions for investment, particularly regarding highly skilled human talent and medical device manufacturing expertise, were key factors in choosing Costa Rica as the location to establish the company’s first global manufacturing operations.
The company expects the new manufacturing facility to be validated and approved in 2022, after which it will manufacture its proprietary high frequency spinal cord stimulation (“SCS”) systems for the treatment of chronic pain, including its recently launched HFX product platform. The firm has begun hiring and expects to have approximately 100 team members in Costa Rica by the end of 2022. Interested people should visit the firm Careers site or by emailing Scott.email@example.com
Nevro Corp. is one of many U.S. companies opening operations in Costa Rica. Recently, New York-based Kyndryl, opened their operations in the country.
Although several companies are offering jobs, Costa Rica remains with a 15.3% unemployment rate, according to the National Employment Survey. The survey reveals that there are approximately more than 378,000 people without registered jobs in the country from July to September 2021.
Why aren’t Costa Ricans getting hired? We would like to know your thoughts on this story. Send your comments to firstname.lastname@example.org
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