• Costa Rica Real Estate
  • Costa Rica Coffee Guide

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.

You may be interested

Health restrictions in Costa Rica cause tension on border with Nicaragua
Costa Rica
174 views
Costa Rica
174 views

Health restrictions in Costa Rica cause tension on border with Nicaragua

AFP and The Tico Times - May 28, 2020

Thousands of Nicaraguan truckers blocked the country's southern border on Wednesday, in retaliation for the health restrictions imposed by Costa…

LATAM, Latin America’s largest airline, files for bankruptcy in US
Airlines
35 views
Airlines
35 views

LATAM, Latin America’s largest airline, files for bankruptcy in US

Miguel SANCHEZ / AFP - May 27, 2020

Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed…

Costa Rica adds 28 new coronavirus cases; Health Ministry says Nicaragua is a risk factor
Costa Rica
19953 views
Costa Rica
19953 views

Costa Rica adds 28 new coronavirus cases; Health Ministry says Nicaragua is a risk factor

Alejandro Zúñiga - May 27, 2020

Costa Rica confirmed 28 new cases of the coronavirus over the past day, totaling 984 cumulative known cases, the Health…