The multinational company Precision Concepts Medical Technologies announced during the Life Sciences Forum this week in Costa Rica that it will invest US$5 million to expand its presence in the country and build a more robust molding and engineering infrastructure.
“In 1984, the company was given the opportunity to manufacture the first medical device which was the beginning of a successful path in the medical devices arena. A few years later, in 1991, it was decided to establish a manufacturing plant in Costa Rica, becoming one of the pioneer companies of one of the most dynamic sectors in the country“, details the press release by the Costa Rican Investment Promotion Agency (
“Precision Concepts Medical Technologies’ journey in Costa Rica has evolved significantly over the years from being a tool shop to becoming a premier contract manufacturer, providing engineering solutions to Fortune 500 Medical Device Companies seeking a strategic partner.”
By the end of 2017, Costa Rica registered 72 multinational companies that turned the medical devices into the main product of goods exports in the country and employed more than 22,000 Costa Ricans.
The Minister of Foreign Trade, Dyalá Jiménez, said: “The life sciences sector continues to show great dynamism and has positioned Costa Rica as a regional leader in quality, efficiency and innovation. Therefore, the country has been able to attract leading companies, such as Precision Concepts. Today we celebrate that this company has chosen Costa Rica to grow and we are extremely proud to be a key partner in its strategy. From the Central Government, we receive this news with great pride which challenges us to continue strengthening our investment climate. ”
“Since the inception of Precision Concepts, our philosophy has been built on the foundation of meeting or exceeding customer’s expectations. Following this path to excellence has afforded many opportunities to add additional manufacturing capabilities. We are always on the lookout for how we can advance to the next level without putting our customers in any kind of jeopardy. I am very pleased and excited to be opening this new molding facility of excellence to attain for not only ourselves but our customers that next level”, said Vince Marino, founder of Precision Concepts.
Jorge Sequeira, Managing Director at CINDE, said: “Precision Concepts is one of the leading companies within the medical devices industry, that also allowed other corporations within the sector to find a high-quality services supplier for manufacturing processes that require precision and quality. This announcement reaffirms that Precision Concepts grows constantly and adapts to the clients’ necessities, which goes hand-in-hand with its global development. These types of companies promote the country as the second main medical devices exporter in Latin America.”
The company will announce its hiring plans in the upcoming months, which seeks to expand in different areas in the country’s operation.
To date, Precision Concepts employs Costa Ricans specialized in engineering, technicians and operators, some of which have been trained by the company, turning them into highly qualified talent for the country’s Life Sciences industry
“In 1984, the company was given the opportunity to manufacture the first medical device which was the beginning of a successful path in the medical devices arena. A few years later, in 1991, it was decided to establish a manufacturing plant in Costa Rica, becoming one of the pioneer companies of one of the most dynamic sectors in the country“, details the press release by the Costa Rican Investment Promotion Agency (
“Precision Concepts Medical Technologies’ journey in Costa Rica has evolved significantly over the years from being a tool shop to becoming a premier contract manufacturer, providing engineering solutions to Fortune 500 Medical Device Companies seeking a strategic partner.”
By the end of 2017, Costa Rica registered 72 multinational companies that turned the medical devices into the main product of goods exports in the country and employed more than 22,000 Costa Ricans.
The Minister of Foreign Trade, Dyalá Jiménez, said: “The life sciences sector continues to show great dynamism and has positioned Costa Rica as a regional leader in quality, efficiency and innovation. Therefore, the country has been able to attract leading companies, such as Precision Concepts. Today we celebrate that this company has chosen Costa Rica to grow and we are extremely proud to be a key partner in its strategy. From the Central Government, we receive this news with great pride which challenges us to continue strengthening our investment climate. ”
“Since the inception of Precision Concepts, our philosophy has been built on the foundation of meeting or exceeding customer’s expectations. Following this path to excellence has afforded many opportunities to add additional manufacturing capabilities. We are always on the lookout for how we can advance to the next level without putting our customers in any kind of jeopardy. I am very pleased and excited to be opening this new molding facility of excellence to attain for not only ourselves but our customers that next level”, said Vince Marino, founder of Precision Concepts.
Jorge Sequeira, Managing Director at CINDE, said: “Precision Concepts is one of the leading companies within the medical devices industry, that also allowed other corporations within the sector to find a high-quality services supplier for manufacturing processes that require precision and quality. This announcement reaffirms that Precision Concepts grows constantly and adapts to the clients’ necessities, which goes hand-in-hand with its global development. These types of companies promote the country as the second main medical devices exporter in Latin America.”
The company will announce its hiring plans in the upcoming months, which seeks to expand in different areas in the country’s operation.
To date, Precision Concepts employs Costa Ricans specialized in engineering, technicians and operators, some of which have been trained by the company, turning them into highly qualified talent for the country’s Life Sciences industry
