- Photo via Bayer -
Published on Wednesday, October 6, 2021
By the A.M. Costa Rica staff
The German company, Bayer, announced a $200 million investment in the building of a new plant in the Coyol Free Zone, Alajuela Province.
According to the firm, the construction is already underway on a new pharmaceutical plant for the production of long-acting reversible contraceptives, such as hormonal implants and intrauterine systems.
The result will be a state-of-the-art pharmaceutical facility, which is expected to begin production in 2024 and will work in coordination with other Bayer plants around the world.
“Our knowledge, scientific research, and new developments in producing long-lasting contraceptives are crucial to achieving our commitment to sustainability," Christian Meyer, President of Bayer Central America said. "Due to increasing unmet needs for family planning, our current manufacturing network requires an increase in capacity."
According to Meyer, Costa Rica was selected because there is a sense of trust in the country when it comes to businesses. Some of the favorable characteristics the country offered to Bayer were the strategic location and valuable human talent offering the knowledge necessary to manage technology, as well as sustainability policies, such as those that promote the development and capture of private investment.
"We want to demonstrate, once again, the commitment we have in this country so important to our region," Meyer said. “We have grown, thanks to Costa Ricans and over our more than 40 years together, working in the country.”
The firm also operates a medical device plant in Heredia Province, a shared services center that serves the entire American continent (except Brazil), and two plants dedicated to agricultural sector research and development.
The new Bayer in Alajuela is estimated at approximately 300,000-plus square feet of construction and six production lines. The firm is expected to employ around 250 people upon launch of its operations, with increasing hiring needs as the production also increases. People interested in applying for a job vacancy should visit the company's Careers site.
Products from the Costa Rican plant will be destined for international organizational programs, such as the United Nations Population Fund (UNFPA) and the United States Agency for International Development (USAID), since they have recently added Bayer's hormonal IUS to their respective catalogs and will be in charge of defining the countries, as well as coordination and distribution according to their needs.
Bayer is one of many companies investing in the country. This week, the Switzerland-based Roche announced an investment of $100 million in Costa Rica.
Although several companies are offering jobs, Costa Rica remains with a 16.4% unemployment rate, according to the National Employment Survey. The survey reveals that there are approximately more than 402,000 people without registered jobs in the country from June to August 2021.
What should Ticos do to find a job in an international company? We would like to know your thoughts on this story. Send your comments to email@example.com
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