• Costa Rica Real Estate

Incesa Standard closes manufacturing plant in Costa Rica, lays off 150 employees

February 6, 2015

Kitchen and bath fixtures company Incesa Standard on Thursday evening confirmed the closing of its manufacturing operation in Costa Rica, which will be relocated to the company’s facilities in Guatemala and Nicaragua.

The company, owned by Colombian business group Corona, in a press release cited high production costs.

“Costa Rica’s staff has done a great job looking to improve their competitiveness. Unfortunately, intensive labor and high energy consumption required by our manufacturing processes are very difficult to achieve with the country’s high production costs,” Incesa’s President Ricardo Pineda stated.

The decision will mean 150 employees from the manufacturing plant will lose their jobs in coming weeks. The company will maintain a staff of 170 in research and development, sales, distribution and administration, as well as at a faucet factory.

Incesa’s announcement joins other recent closings by restaurant chains Wendy’s and Bagelmen’s.

Facebook Comments

You may be interested

Costa Rica seizes 2.5 tons of cocaine in two operations
Costa Rica
23 views
Costa Rica
23 views

Costa Rica seizes 2.5 tons of cocaine in two operations

AFP and The Tico Times - September 21, 2019

Costa Rican authorities seized 2.5 tons of cocaine in two separate operations carried out on the Pacific and Caribbean coastlines,…

United States and El Salvador sign immigration agreement
Central America
36 views
Central America
36 views

United States and El Salvador sign immigration agreement

AFP and The Tico Times - September 20, 2019

The United States and El Salvador reached an immigration agreement on Friday, the interim secretary of Homeland Security, Kevin McAleenan,…

‘I want to write my story here too,’ Navas says of PSG
Keylor Navas
27 views
Keylor Navas
27 views

‘I want to write my story here too,’ Navas says of PSG

AFP and The Tico Times - September 20, 2019

Costa Rican goalkeeper Keylor Navas debuted in the Champions League with Paris SG on Wednesday with a 3-0 victory against…

Do NOT follow this link or you will be banned from the site!