Viant has launched a new expansion in Costa Rica. | So Good News

A rendering of one of two new manufacturing facilities under construction at Viant Costa Rica. [Image courtesy of Viant]

Viant today announced the expansion of another medical device manufacturing facility in Heredia, Costa Rica.

This is the second year in a row that Viant, based in Foxborough, Massachusetts, has begun expansion in Heredia. The new project will create a 43 percent larger footprint for a total of more than 250,000 square feet. The number of buildings there will increase from four to seven.

The expansion will primarily support complex interventions and other invasive devices.

Viant officials expect the new production and warehouse facilities to be operational by late November 2022. An additional manufacturing facility will open in March 2023. They anticipate that revenue from the Heredia site will double by 2024.

“Outsourcing allows medical device manufacturers to partner with companies like Viant that specialize in manufacturing and focus on the innovation that is core to their business,” Viant CEO Alton Shader said in a press release. “In addition to our major facility investment, we offer deep engineering expertise, large capacity, high speed and the agility to make quick decisions to support our customers’ business.”

Located in a free trade zone, Viant’s Costa Rica location acts as an intermediary; thermoplastic and elastomeric molding for surgical and other medical devices and components; Specializing in extrusion and complex assembly.

Medtech continues to expand in Costa Rica.

Since the 1990s, Costa Rica has been manufacturing medical device companies. As a result, Contract manufacturers and other suppliers who support them followed suit. Medtech companies, its political and economic stability; It is drawn to the Central American country by its educated workforce and proximity to the United States.

Meanwhile, The Costa Rican government has been active in attracting and retaining medtech companies. Tax incentives are provided to foreign manufacturers under the Free Trade Zone regime. The program allows companies to pay income tax based on the size of their investment in the country. export and import duties; Exemption from high percentage of municipal and value added tax.