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    The Costa Rica News (TCRN) – The Italian firm Gualapack Group, launched its campaign in Costa Rica, to open its first production of food packaging with an investment of five million dollars.

    The company is engaged in the manufacturing and distribution of flexible packaging for the food industry, employs 40 people and aims to reach a payroll of 160 workers by 2017, said an official statement.

    The new headquarters in Costa Rica is the first company established in Latin America and from there they will address the major markets of Central and South America, especially countries like Brazil, Argentina, Chile and Venezuela.

    “Costa Rica offers a strategic proximity to customers and markets that are important to us. Likewise, the path that has the country in other industries shows that there is great potential for further growth in the future,” said the group’s Executive Director, Michele Guala, in a statement.

    The investment of the new headquarters of 7,000 square meters, located in the province of Cartago, about 20 miles east of San Jose, was around $ 5 million.  Gualapack also has an office in Italy and one in Nabad, Romania.

    Data from the Costa Rican Coalition for Development Initiatives (CINDE) indicates that in 2012, 6% of total Foreign Direct Investment (FDI) came to Costa Rica came from Italy. (EFE)

    The Costa Rica News (TCRN)

    San Jose Costa Rica

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