St. Jude Medical to invest $670 million in Costa Rica

The Minnesota-based medical supply company St. Jude Medical inaugurated a new plant in a free zone in Costa Rica northwest of San José. The company plans to invest an estimated $670 million in the country and employ 2,000 Costa Ricans over the next five years.

 

The St. Jude plant will specialize in producing valves for damaged or weakened aortas. The aortic valve is essential in controlling blood flow from the heart through the body.

 

In 2009, export of medical products generated more than $1.34 billion for the Costa Rican economy and accounted for 15.5 percent the of nation's total exports.

 

Original source: Tico Times