Natvar, a division of Tekni-Plex, is pleased to announce the grand opening of phase I operations in Costa Rica on October 24, 2013.
Natvar Costa Rica comprises 10,000 square feet and will employ 100 people by end of 2014. Natvar is operating in Costa Rica to meet the growing need for medical extrusion and assembly within the country. Natvar is a global supplier of medical tubing and profiles for medical device manufacturers globally.
With five plants located in the United States, Asia, Europe, and now Latin America, Natvar provides the majority of the world’s leading medical device companies with unique, precision-crafted tubing for applications that range from chemotherapy to wound care to cardiovascular procedures and more. Costa Rica will play a key role in Natvar’s growth strategy to service its customers’ needs around the globe.
Bob Donohue, General Manager of Natvar Global Medical Operations, is overseeing the manufacturing in Costa Rica and states "One of the pillars in our strategy is to be able to produce within close proximity to our customers. Costa Rica is a growing market for medical device manufacturing, and Natvar wants to be there for our existing and new customers. Our new plant there will take cost out of the supply chain, and that message has resonated well with customers."
In addition, Tekni-Plex recently opened a Global Technology Center located in Holland, Ohio to aid Natvar Costa Rica in the development of high end multi-layer drug delivery systems designed for unstable medications. Natvar, in conjunction with the GTC, has recently patented new tube constructions designed to provide increased quality, duration and performance of commonly used insulin and chemotherapy drugs.
Tekni-Plex is one of the world’s leading manufacturers of innovative, high quality packaging and tubing materials for products used every day by millions of consumers around the globe. The company operates 25 manufacturing sites in 9 countries across North America, Europe, Latin America and Asia. We supply the leading international customers in healthcare, food and specialty markets with the components they require to safely and reliably protect and deliver their products globally.
Anabel González, Minister of Foreign Trade stated "Costa Rica has consolidated itself as a competitive platform for high technology companies. Part of such success is due to the Life Sciences sector to which we welcome Natvar today. This is a sector that has developed, matured and diversified hand in hand with the Costa Rican economy in which it contributes in a great way. The number of companies has almost tripled since 2000 world- leading companies from many countries and sub sectors have joined our cluster. In 2012, Life Sciences exports represented 24% of the total goods exports of Costa Rica. Additionally, more than half of those exports correspond to high technology. Also, the exports of medical and precision equipment have grown at an annual rate of 22% since 1998 and reached US$1500 million in 2012."