Multinational light manufacturing and food industry company Instantia Costa Rica announced its investment in a new plant in Roxana de Pococí, where it will produce dehydrated pineapple for export.
The company has invested more than US$350,000 in the construction of its facilities and the purchase of equipment and expects to add another US$250,000 between January and February this year.
Foreign Trade Minister Andrés Valenciano welcomed the announcement and said: “During 2020, the crisis caused by the pandemic presented major challenges for the global economy and, in particular, for foreign direct investment. Despite this, we start 2021 with news that fills us with hope. The company Instantia announces its investment in Costa Rica and bets on the Caribbean region. With this operation, Pococí will be home to its new plant and will be able to generate, in its beginnings, 30 jobs for the region, which in turn will translate into formal employment opportunities for Costa Ricans and, in addition, will promote productive linkages with other sectors of the economy.”
He added: “The employment generated by FDI companies outside the GAM has shown an average annual growth of 15% in the last 5 years, which motivates us to continue working hard with the communities to create the right conditions for companies like Instantia to settle in the country. We are grateful for this show of confidence and wish them every success”.
Francisco López Lee, CEO of Instantia, said: “We have chosen Costa Rica as a key country to start our expansion outside Mexico due to several factors, but especially the fact that it is widely recognised for the quality of its pineapple, and the availability of raw material throughout the year, as well as the existence of regimes that favour the establishment of companies wishing to invest in the country, and thus have a social impact on the region where we are going to locate”.
The company is currently focused on generating linkages that will allow it to buy organic fruit, so it is already creating alliances with producers in the area. All the production will be exported to Mexico and it is expected that the purchase and processing of bananas will be included in the next stage.
Jorge Sequeira Picado, Director General of CINDE, commented: “Investments like Instantia’s have allowed Costa Rica to generate a total of 3,660 jobs outside the Greater Metropolitan Area by the end of 2020. Since 2015, CINDE has been working with 20 communities outside the GAM to help them improve their competitiveness and start receiving the benefits of foreign direct investment. Costa Rica has the potential to continue attracting light manufacturing projects that generate formal jobs throughout the country, encourage linkages in agribusiness and provide greater added value to exports.
The company would be hiring around 30 people during 2021, including operators and administrative staff. Those interested should send their information to the address [email protected]
Instantia is a global leader in the health food industry, focused on offering products of the highest quality. The company is highly committed to the ecosystems in which it operates, and actively works on technological innovation to always be the best alternative for its customers. More information at: https://www.instantia.com/