November 2023. With an initial investment of US$15 million, the renowned U.S. medical device company Inari Medical will start operations in Costa Rica, doing it in a first-world building at Evolution Free Zone, located in Tacares de Grecia.
Today in the morning, in a ceremony attended by the Minister of Foreign Trade, Manuel Tovar; the General Manager of the Foreign Trade Promoter of Costa Rica (PROCOMER) , Laura Lopez; senior executives of Inari Medical and CODE Development Group, the official announcement of the investment of this company in Evolution Free Zone, Costa Rica was made.
Inari Medical selected this free trade zone after a strategic review of its global manufacturing needs and capabilities, because this business park does offer state-of-the-art infrastructure, an advanced communications network, a highly skilled workforce and competitive construction and operating costs. Furthermore, it was noted that other world-renowned companies in the medical device industry have also chosen this business park to set up their operations.
Carlos Wong, Managing Director of CODE Development Group, underscored that “At CODE Development Group, we are proud to offer, from our high-tech business park Evolution Free Zone, an ecosystem with the ideal conditions for the successful development of innovative companies such as Inari Medical. Their arrival will allow new sources of quality employment and social development for the Western Region of Costa Rica.”.
In turn, Paul Koehn, Senior Vice President of Operations at Inari Medical , highlighted that “the rapid market uptake of our specially designed tools for treating patients with venous thromboembolism (VTE) and other vascular diseases led us to make the decision to build a high-volume manufacturing facility, which will help us meet this growing global demand.
In addition, we are very pleased with the warm welcome we have received from the people of Costa Rica and look forward to building a long and prosperous relationship with them.”
Inari Medical will be installed in a building of more than 7 thousand square meters of floor space with the possibility of meeting its growth capacity on a long-term basis according to its business needs. This operation in Costa Rica will exponentially increase its production capacity and will add to the company’s existing manufacturing facilities in Irvine, California.
Evolution Free Zone is a high-tech business park located on a 124-hectare site in Tacares de Grecia, Alajuela, Costa Rica. Driven by technological innovation, sustainability and human talent, this Free Zone offers a state-of-the-art ecosystem for the successful operation of world-leading companies in life sciences, smart manufacturing and knowledge-intensive services. Developed by CODE Development Group, a 100% Costa Rican-owned company with more than 20 years of experience in the development and management of industrial parks and free trade zones.
Committed to sustainable development, it plans to generate more than 20,000 quality jobs and growth opportunities for the Western Region of Costa Rica.
Inari Medical has its headquarters in Irvine, California, and employs more than 14,000 people around the world. The company has developed two types of minimally invasive devices to treat and remove blood clots from veins and arteries, thus eliminating the use of drugs for thrombosis. Some of its most innovative treatment systems are:
Founded in 2013 as a subsidiary of Inceptus Medical, a medical device incubator, Inari Medical is committed to providing pioneering medical solutions that improve patients’ quality of life.