Press Release: Advant Medical Undergoes Global Expansion into Costa Rica
Advant Medical a global leader in Medical Device contract services and manufacturing solutions, recently announced a significant investment for its expansion into Costa Rica.
The Costa Rican expansion saw the opening of a 13,000 square foot facility with a 2,200 square foot, Class 8, cleanroom with capacity to manufacture Class I, II, III Medical Devices. Advant has also invested heavily in new state-of-the-art equipment and machinery to support its manufacturing capability in the region.
Advant is a high-performance solution provider of packaging and subcontract manufacturing for the Medical Device industry. The company is widely regarded for its expertise in Medical Devices in leading neuro-revascularization device assembly, catheter assembly incorporating electro-mechanical drive systems and high-end, high volume specialty dispenser manufacturing
For his part, the Minister of Foreign Trade, Alexander Mora, said that: “the medical devices sector has allowed Costa Rica to occupy more sophisticated connections in global value chains that are much more sophisticated and robust. In the past five years, medical devices became one of our main export products, increasing by 78% the shipment of these products abroad. Thus, we have positioned ourselves as regional leaders in quality, efficiency, experience and productive innovation. As a result, the country has been able to attract and make possible investments of leading companies in these productive processes. Advant Medical, with over 25 years in the market, has positioned itself, internationally, as a leading provider of high quality within the sector. In that value proposition, we are very proud that Costa Rica has a key position in its strategy, to attend one of its main and most demanding markets. As Central Government, we receive this news with great joy, and we wish the best successes to the company.”
Full service manufacturing is expected to commence at the new facility in April 2018 and recruitment of 30 new personnel is underway in areas such as Quality, Engineering, Production Operatives, and Administration. If interested, please email email@example.com.
Speaking about the new Costa Rican venture, Bob DiPetrillo, CEO, Advant Medical said, “With a positive foundation from our initial experience in the country through a contract manufacturing partnership, we have a great appreciation for the excellent business and political environment that operates within Costa Rica.”
“Costa Rica positions Advant Medical at the epicentre of our Medical Device customers. We operate on the premise of ‘Local Sourcing, Globally’ and Costa Rica better enables us to serve our growing international customer base in a more cost efficient and timely manner, effectively allowing our customers to better optimize their supply chains’’. DiPetrillo added.
Jorge Sequeira, Managing Director of CINDE, commented that: “during 2017, the life sciences sector, to which Advant Medical belongs, represented almost 20% of the investment projects that established in the country and that generated a total of 22,400 quality jobs. We are sure that Advant Medical will find in Costa Rica a strategic partner to make its operations grow.”
With manufacturing operations in Ireland for 25 years, Mexico and now increased capability in Costa Rica, Advant can further enhance its global footprint providing scalable manufacturing solutions and supporting its customers throughout their product development journey from prototype to pilot production and high-volume manufacturing.
Headquartered in Galway, Ireland Advant Medical is a global partner and tier one supplier to multi-nationals, SMEs and start-up companies across the globe.
“With the support of CINDE along with our other strategic partners, this investment in Costa Rica provides a tremendous growth opportunity and a platform from which Advant will continue provide world class Medical Device contract and manufacturing services,” explained DiPetrillo.