The Oregon, USA-headquartered Riverpoint Medical announced the investment of $10 million to expand its operations in the Coyol Industrial Trade Zone in Alajuela Province.

The company will build a new facility for manufacturing absorbable, non-absorbable, and orthopedic fibers in Costa Rica.

 

The initial facility phase spans 4,000 square meters. It is dedicated to medical device manufacturing and is equipped with two certified cleanrooms. The company has plans to expand its operation by an additional 3,000 square meters.

 

“Costa Rica offers a winning formula to support our growth as an organization by combining a desirable geography, incredible and talented people and a strong education system that caters to the medical device industry,” said Doug King, Chief Executive Officer at Riverpoint Medical.

 

Riverpoint Medical develops, manufactures, and obtains regulatory clearance on specialized fiber-based surgical products. These products include absorbable and non-absorbable textile threads, serving both the human and animal health markets in over 90 countries around the world, with production rates in the tens of millions of units annually.

With this expansion, the company aims to grow its team, seeking individuals who align with its core values of teamwork, innovation, partnership, and quality. Various roles include operators (ideally with experience in the life sciences industry), and industrial and biomedical engineers are open. Those interested in applying for a job vacancy should visit the company website.

Even though new businesses are creating jobs, unemployment remains at 9.6%, according to the National Employment Survey. 

Data recorded from May to June 2023 shows more than 225,000 people without registered jobs. Of these, 116,000 are men, making up 51% of the unemployed people in the country.

Riverpoint Medical is one of many U.S. firms investing in Costa Rica. This week, the New York, U.S.A.-headquartered firm, G.W. Lisk Company, announced the expansion of its operations in Latin America with the acquisition of Preinsa, a Costa Rican manufacturing firm located in Cartago Province.

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