{"id":118013,"date":"2024-05-23T20:47:23","date_gmt":"2024-05-23T20:47:23","guid":{"rendered":"https:\/\/investincr.com\/?p=118013"},"modified":"2024-11-20T21:09:59","modified_gmt":"2024-11-20T21:09:59","slug":"grand-opening-for-cadences-costa-rica-facility-marks-commitment-to-customer-growth","status":"publish","type":"post","link":"https:\/\/investincr.com\/en\/grand-opening-for-cadences-costa-rica-facility-marks-commitment-to-customer-growth\/","title":{"rendered":"Grand Opening for Cadence\u2019s Costa Rica Facility Marks Commitment to Customer Growth"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"118013\" class=\"elementor elementor-118013 elementor-118009\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a00242f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4a00242f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6eddd196\" data-id=\"6eddd196\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36dd527f elementor-widget elementor-widget-text-editor\" data-id=\"36dd527f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p><strong>Alajuela, Costa Rica (May 23, 2024) \u2013<\/strong> Cadence, Inc., a medical device contract manufacturing organization (CMO) and strategic partner for leading global medical device OEMs, announced today the grand opening celebration of its facility in Costa Rica.&nbsp; The celebration is a significant step in the company&#8217;s continued commitment to growth, innovation, and investment to best meet the needs of our MedTech partners worldwide.<\/p>\n\n\n\n<p>The grand opening brought together industry leaders, government officials, and honored guests to commemorate the facility\u2019s inauguration. &nbsp;\u201cWe believe our location in the Coyol Free Zone is a competitive advantage for Cadence and are proud to be a part of this thriving medical technology sector,\u201d said Adrian Casares, Director of Operations, Cadence Costa Rica.&nbsp; Cadence\u2019s newly remodeled manufacturing facility offers a state-of-the-art International Organization for Standardization (ISO) Class 7 cleanroom, finished device assembly capacity, value-add services and vertically integrated precision machining technologies, delivering exceptional manufacturing solutions for our customers.<\/p>\n\n\n\n<p>&#8220;Costa Rica offers a strategic location, a talented workforce, and a sustainable environment, making it the ideal destination for expanding our operations outside of the United States,\u201d stated Cadence\u2019s President and CEO, Rob Werge. &#8220;Today\u2019s celebration is a testament to Cadence\u2019s commitment to better supporting our customers\u2019 evolving needs while providing nearshore capacity in growing medical device manufacturing.\u201d<\/p>\n\n\n\n<p>\u201cWe welcome Cadence operation to the country and thank them for their trust in our offer and attributes to grow and supply their partners from Costa Rica. Our solid medical device cluster keeps growing and attracting further players that bring more investment, enhancing our value chain, and job opportunities for our people. Cadence comes to Costa Rica through an acquisition, demonstrating the importance of having diversified FDI investments models\u201d stated Manuel Tovar, Foreign Trade Minister.<\/p>\n\n\n\n<p>Cadence anticipates expanding its current capabilities in Costa Rica, allowing growth to reach full plant capacity of $40 million dollars in revenue and doubling its workforce.&nbsp; Cadence\u2019s current and future investments in Costa Rica highlight our long-term commitment to helping advance medical device technologies, creating job opportunities, and contributing to the local economy.<\/p>\n\n\n\n<p>\u201cWe extend our congratulations to Cadence on the opening of their new facility in Costa Rica and express our deepest gratitude for the trust they have placed in our country for the development of their operations. Costa Rica has firmly established itself as an ideal destination for foreign direct investment, owing to our unique value proposition which includes highly qualified human talent, a stable and sustainable environment, and a steadfast commitment to legal security. Additionally, our robust investment ecosystem supports the growth and successful operation of enterprises. From PROCOMER, we reiterate our unwavering commitment to supporting Cadence in all phases of their operations in Costa Rica.\u201d, said Laura L\u00f3pez, CEO of The Trade and Investment Promotion Agency of Costa Rica (PROCOMER).<\/p>\n\n\n\n<p>For more information about Cadence, Inc. and its commitment to excellence in medical device contract manufacturing, please visit <a href=\"file:\/\/\/C:\/Users\/bsallto\/AppData\/Local\/Microsoft\/Windows\/INetCache\/Content.Outlook\/I1SJFDHD\/cadenceinc.com\">cadenceinc.com<\/a>.&nbsp;<\/p>\n\n\n\n<p><strong>About Cadence, Inc.<\/strong> \u2013 Cadence is a vertically integrated medical device contract manufacturing organization, providing best-in-class product design and development through complete manufacturing and supply chain management of finished devices for various therapeutic areas. \u00a0Cadence employs approximately 800 people worldwide with its corporate headquarters in Staunton, Virginia and additional locations in Connecticut, Pennsylvania, Rhode Island, Wisconsin, Florida, and Costa Rica.\u00a0<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3a54ce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3a54ce\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d7b1b4\" data-id=\"9d7b1b4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-550f6be elementor-widget elementor-widget-text-editor\" data-id=\"550f6be\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Explore the latest news and updates from the leading companies and discover the investment opportunities in the costarican market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Alajuela, Costa Rica (May 23, 2024) \u2013 Cadence, Inc., a medical device contract manufacturing organization (CMO) and strategic partner for leading global medical device OEMs, announced today the grand opening celebration of its facility in Costa Rica.&nbsp; The celebration is a significant step in the company&#8217;s continued commitment to growth, innovation, and investment to best meet the needs of our MedTech partners worldwide. The grand&#8230; <\/p>\n<p class=\"more\"><a class=\"more-link\" href=\"https:\/\/investincr.com\/en\/grand-opening-for-cadences-costa-rica-facility-marks-commitment-to-customer-growth\/\">Read More<\/a><\/p>\n","protected":false},"author":5,"featured_media":118011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-118013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria","is-cat-link-borders-light is-cat-link-rounded"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grand Opening for Cadence\u2019s Costa Rica Facility Marks Commitment to Customer Growth -<\/title>\n<meta name=\"description\" content=\"Cadence, Inc., a medical 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