- This new investment represents the construction of a 40,000 square feet facility in Evolution Free Zone in Grecia.
Grecia, January 29, 2024. Accudyn Products Inc, a global leader in precision plastic solutions, announced the establishment of a new manufacturing facility in Grecia, Alajuela, set to start operations in 2025, and bringing more employment and development to the region and its surroundings.
According to the company, this project represents a multi-million-dollar investment in Evolution Free Zone, encompassing the development of a 40,000 square feet facility. This state-of-the-art facility will house plastic injection molding and support equipment, a fully equipped quality laboratory, support for tool and die, extensive office space, training areas, and on-site order fulfillment.
“As we attract new investments outside the Greater Metropolitan Area, we must ensure that these industries have a portfolio of strategic suppliers. Accudyn Products is a key supplier in the chain for the advanced manufacturing and medical devices sectors. We are expanding into new industries and their corresponding suppliers. It’s a win-win for the country,” explained Manuel Tovar, Minister of Foreign Trade.
“As part of our investment attraction strategy, we continue to promote investment outside the Greater Metropolitan Area. We are pleased with the announcement of Accudyn Products, an advanced manufacturing company that is set to enhance various well-established industries in our country. Furthermore, it will generate high-quality employment opportunities for the residents of the Western region,” commented Laura Lopez, CEO of the Trade and Investment Promotion Agency of Costa Rica (PROCOMER).
“Additionally, Carlos Wong, CEO of CODE Development Group, stated: ‘At Evolution Free Zone, we take pride in having been chosen by the prestigious multinational company Accudyn Products as the location for its operations in Costa Rica. We share the vision of constant innovation and a strong commitment towards sustainability, which are characteristic of our high-tech business park. We anticipate a long-lasting relationship with Accudyn at our Free Trade Zone, marked by success and continuous growth”.
According to the company, “this strategic expansion marks a milestone for Accudyn, reinforcing the company’s commitment to providing the highest level of service and advanced manufacturing capabilities to customers, while positioning Accudyn to support the thriving medical device and electronics markets in Costa Rica”.
Accudyn mentions that Bloomberg estimates 80% of North American companies are actively considering nearshoring, so Accudyn’s location in Costa Rica could play a significant role in nearshoring initiatives. “Alongside our locations in Chihuahua, Mexico, and Erie, Pennsylvania, we are excited to offer another excellent option for our customers and other businesses seeking opportunities in this region,” says Ted Bly, President of Accudyn.
“Thanks to the availability of talent and its strategic location, Costa Rica presents an incredible opportunity for Accudyn to establish itself as a service provider with the necessary capabilities to compete on a global stage”, says Ted Bly.
About Accudyn
Founded in 1997, Accudyn is an international engineering-driven injection molding company with proven capabilities to deliver quality, precision, and added value through its plastic components.
Accudyn’s location in Erie, Pennsylvania, USA, is ISO9001, ISO13485, and ISO14001 certified. It supports both plastic molding and tool manufacturing operations and serves as the company’s headquarters. Accudyn’s molding operation in Chihuahua, Mexico, is ISO9001 and IATF16494 certified.
