US electronics manufacturing company General Microcircuits (GMI) has opened a facility in Costa Rican capital San José to manufacture electronic cards with integrated circuits, the presidential website reported.
The company has invested US$2mn in refurbishing the 1,300m2 facility and will employ more than 20 workers.
According to the government, General Microcircuits is the first green technology supply company to set up in the country.
The first products have been shipped to the company's facility in Mooresville, North Carolina, where they are distributed to clients worldwide. Once the facility is fully operational, said the statement, the plant will produce around 100,000 cards per month.
According to Costa Rica's second VP, Luis Liberman, the company manufactures products that are key to the wind turbine industry, an area indentified as a priority in the strategy to attract foreign investment to the country.
Since 2005, GMI has seen an increase in the demand for green and efficient electronic products. Currently 50% of its clients belong to the clean technology sector, and 65% of its earnings originate from this area.
According to GMI senior VP Dave Dalton, the country's strategic location and access to the west coast of the US made it the best option for setting up shop.
"Shipping from Costa Rica to the US takes about seven days, a fraction of the time it takes to transport goods from Asia," Dalton said.