Drug production

Bayer to invest USD 200 million in production plant in Costa Rica.

Bayer recently announced the expansion of its Latin American operations with the opening of a new production facility at Coyol Industrial Park in Alajuela, Costa Rica. The company will invest USD 200 million in the site which will specialise in the production of contraceptive drugs for women in low- and middle-income countries.

A spokesperson for Bayer in Costa Rica commented, “We have been in Costa Rica for a long time, it is our hub for the Andean Countries, Central America and the Caribbean region. Across this region, we have 12 main offices, 6 warehouses, 6 production plants, 4 research centres and 1 shared services centre. The new production site in Costa Rica complements one we already have in Finland and is focused on hormonal implants and hormonal intrauterine systems to meet the growing global demand for long-acting reversible contraceptives.

“The new production site in Costa Rica complements one we already have in Finland and is focused on hormonal implants and hormonal intrauterine systems.”

Spokesperson, Bayer, Costa Rica

Latin America is a strategic market for Bayer, not only in the field of human medicine but also for its agricultural chemicals division. Bayer employs almost 14,000 people in Latin America, which generated USD 5.9 billion in sales in 2020.

Christian Meyer, head of Bayer Central America, said that the multinational chose Costa Rica due to its business-friendly climate, human talent and sustainability policies which could potentially attract further private investment. Furthermore, the production of the new plant will be mainly destined to health programmes developed and implemented by the United Nations Population Fund and the US Agency for International Development.

A government trade official was delighted with the announcement, “This is a manufacturing plant for a complex combined device with a pharmaceutical component, in this case hormones for long-term contraception. This is the third-largest product in Bayer’s biopharmaceutical division and means that the employees in this plant will need to be highly skilled. The company will work hand-in-hand with the Costa Rican lnvestment Promotion Agency (“CINDE”) and the Ministry of Labor to strengthen and develop the human talent required.”

“The company will work hand-in-hand with CINDE and the Ministry of Labor to strengthen and develop the human talent required.”

Government trade official, Costa Rica

Costa Rica hosts 6 of the world’s top 10 pharmaceutical companies and has long been a strategic destination for these companies in the service sector. Roche has been there for 48 years and has a 300,000 square foot campus with over 1,000 employees. Pfizer also has its regional hub for Central America and the Caribbean in Costa Rica and AstraZeneca has a financial services team there that covers the entire continent.

Costa Rica’s life sciences industry continues to grow!

 

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