Resonetics opens its second manufacturing facility in Costa Rica

• This second facility aims to enhance Resonetic’s production and technological development capabilities in the country.
• Resonetics currently employs over 550 people and plans to create an additional 300 positions over the next three years.

Alajuela, August 29, 2024. With an investment of USD 10 million, the U.S.-based multinational Resonetics, which specializes in the development of key components for medical devices, inaugurated its second manufacturing plant in Costa Rica today, located in the Coyol Free Zone, Alajuela.

This expansion aims to strengthen the company’s manufacturing and technological development capabilities in the country. The new 54.000 square feet building, which also includes new offices and advanced production areas, will complement the existing facilities within the same industrial park.

“Resonetics is thrilled to be expanding our presence in Costa Rica. Since our initial investment in 2016 with just 16 employees, our Costa Rica site has grown to be our largest, with more than 550 team members, and has been instrumental in our success serving our medical customers globally. Costa Rica’s thriving medical device ecosystem, highly skilled workforce, and strong government/industry collaboration have made this a location of choice to support Resonetics continued strong global growth,” stated Dave Mitchell, SVP Operations, Resonetics.

In addition to the US$10 million investment made in the construction of this new plant, Resonetics plans to invest over US$15 million more in the next three years. This significant investment will not only drive the company’s growth but will also create 300 additional jobs. Individuals interested in joining Resonetics can apply for available positions through the following link: https://www.linkedin.com/company/resonetics-costa-rica/?viewAsMember=true

“This second Resonetics facility in Costa Rica reaffirms the confidence that both national and foreign investors have in the support provided by the Government of the Republic. It also underscores the significance of the medical device industry in the country, which strongly believes in Costa Rican talent and human capital. We will continue to eliminate bottlenecks and bureaucratic obstacles to create a better business environment for the productive sector, thereby generating new employment opportunities. The Ministry of Economy, Industry, and Commerce celebrates business initiatives that drive innovation and technological development, further establishing the country as a strategic location for the global industry,” stated Francisco Gamboa, Minister of Economy, Industry, and Commerce (MEIC).

“Costa Rica has become a world-class competitor in the medical industry. As a result, our country is home to more than 95 leading and specialized medical device companies.

Resonetics’ commitment to growth and innovation reaffirms their trust in our human talent. With this announcement, Resonetics will be providing 300 employment opportunities for Costa Ricans, and we are confident that we can continue our collaboration to support their ongoing growth,” said Indiana Trejos, Vice Minister of Foreign Trade.

Laura López, General Manager of the Trade and Investment Promotion Agency of Costa Rica (PROCOMER), stated, “Costa Rica is a global leader in the medical device industry, home to over 95 multinational companies and the top exporter of these products in Latin America. The expansion of companies like Resonetics further solidifies our position as a key hub for the sector, driven by our commitment to creating ideal investment conditions and aligning our workforce with industry needs”.

The life sciences sector currently employs over 55,000 people in the country and exports 44 different types of medical devices to various markets. During the first half of 2024, Costa Rican exports related to this industry exceeded USD 4.1 billion.

About Resonetics

Founded in 1987, Resonetics is a pioneer in advanced engineering, product development, prototyping, and manufacturing solutions for the life sciences industry. Resonetics is a leader in laser processing, nitinol processing, centerless grinding, thin-wall stainless steel & precious metal tubing, photochemical machining, microfluidics, sensor solutions and medical power. With strategically located AGILE Product Development centers and Lightspeed Labs, Resonetics is committed to quality, speed, innovation, and a great customer experience. The company is ISO 13485:2016 certified with 17 facilities and more than 2,600 associates in the United States, Canada, Costa Rica, Israel, and Switzerland. Learn more at www.resonetics.com.