Heraeus Medevio, a technology company headquartered in Hanau, Germany, announced the expansion of its operations in the Lima Free Trade Zone industrial park located in Cartago Province.

With an investment of $20 million and a projection of 500 new jobs, they officially completed Phase II of its facilities. 

This expansion will double the site’s size to over 108,000 square feet (approximately 10,000 m2) to manufacture guidewires, snare kits, and neuromodulation leads for the medical device industry. They recently added additional capabilities, including catheters, to its production lines this year.

According to Peter Reimer, President of Heraeus Medevio, the expansion is an opportunity to explore new ways of supporting current and future partnerships. “Heraeus Medevio is on track for double-digit growth, continuing toward our vision of improving 100 million lives every year."

Construction will start in the third quarter of this year, with expected completion in late 2024.

The company is actively hiring professionals, and graduates, for its departments of Manufacturing and Production, Research and Development, Marketing and Sales among others. Those interested should visit their website.

Heraeus is one of many international firms investing in Costa Rica. Recently, the Irish firm Experian announced its operation expansion in Costa Rica.

Even though new businesses are creating jobs, the unemployment rate remains at 9.7%, according to the National Employment Survey. Data recorded from February to April 2023, shows that there are more than 224,000 people without registered jobs. Of these, 121,000 are women, making up 54% of the unemployed people in the country.

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