Microtechnologies invests US$15M for new Costa Rica plant
February 17, 2018 by Manufacturing AUTOMATION
Feb. 17, 2018 – Microtechnologies has inaugurated its new production plant in the Terra Industrial Park, in Coyol of Alajuela, Costa Rica.
Expected to generate 250 new high-tech jobs in the next five years, the US$15-million, 15,000-square-meter facility will house vertically integrated capabilities from process design to tooling/automation fabrication to scaled production. The new building will also have a local development space for its MicroLabs division — a learning and experimentation space for local collaborators as well as for students for elementary, university and technical schools.
“Twenty years ago, we came to Costa Rica seeking the same cost advantage that many other US-based companies were looking for at the time. We continued to grow our local operations time and again more because of the stability the country has provided for our long-term talent strategy, and now we have chosen to build our flagship operation here because of the return on human capital we have enjoyed all these years,” said Michael Tucci, company president and CEO. “In the end, our team made the decision an easy one for us and this new home will play an integral part of our future.”
The company has grown from its original 20 local employees to its current workforce of 350, and says it plans to evolve its operation in Costa Rica into the best workplace in the region.
Serving clients in a range of industries including automotive, medical device and aerospace, Microtechnologies specializes in the design and manufacture of miniature critical components used in platforms like engine management systems, invasive surgical devices, and occupant safety controls.