OKAY Industries announced today that it expanded its operations in Costa Rica with a new manufacturing facility.
New Britain, Connecticut-based OKAY built a 62,000-square-foot manufacturing facility in the new “Evolution Free Zone.” That includes a sustainable, smart manufacturing and life sciences free trade-zone business park in Alajuela Province, Grecia, Costa Rica.
OKAY expects to complete the relocation of its Costa Rica operations in summer 2024. The first phase doubles its current footprint to support capacity growth and demand. Future phases allow an additional expansion of 58,000 square feet. Overall, OKAY expects the expansion to add more than 200 jobs in the area.
“Costa Rica’s strategic location is very attractive for nearshoring needs. Additionally, the new Evolution Free Zone and its integration of community and global standards of excellence aligns with our corporate culture that supports a sustainable workplace environment, said Mario Chaves, VP, OKAY Industries, Costa Rica. “This investment shows our commitment to meeting our customers’ current and future needs.”
The U.S.-based OEM initially expanded its operations in Costa Rica 10 years ago. It said its business grew exponentially since and continued investment in Costa Rica aligns with its mission and culture.
“We are grateful for our global medical device customers and the confidence they continue to have in OKAY and its talented team to manufacture critical components and assemblies,” said Jason Howey, OKAY president & CEO. “Our investments within Costa Rica and the U.S. are not only a direct response to customers’ needs but a commitment to investing in our collective partnerships to save and improve lives around the world.”