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OKAY Industries invests $1.5 million in Costa Rica plant

April 16, 2012

Okay Industries Inc., a company that specializes in the production of high-precision metal components for the medical supplies industry, last week inaugurated a $1.5 million, 1,400 square-meter plant in Costa Rica. The new facility – the company’s first plant outside the United States – is located in Free Trade Zone Z, in the province of Alajuela, north of San José.

“Today, we have 41 [international] companies operating in Costa Rica with more than 122 different products that are being exported to 73 destinations in the Americas, Asia, Oceania and Europe,” Foreign Trade Minister Anabel González said. “We will continue consolidating our country’s prestige as a leader in the medical supplies industry on an international scale.”

Okay Industries President Jason Howey said the decision to start operations in Costa Rica was a result of the stability the country offers investors, the strong medical-device industry that already operates here, and the availability of highly educated workers.

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