South Korean Thread Manufacturer Creates Jobs for Cartago

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    The Costa Rica News (TCRN) – A South Korean company in Cartago is building a plant to manufacture threads. The company will have a construction of 6,200 square meters and will generate 1,200 jobs.

    Initially the company will start operating by the end of the year, confirmed Roland Rodriguez, mayor of Cartago.

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    Job recruitment is available at City Hall. Mainly operators and people with knowledge of textile manufacturing will be hired initially.

    The company, whose name was not revealed, has begun the earthwork, and the City will do its part to improve access.

    Rodolfo Molina, president of the Costa Rican Textile Chamber also confirmed the news and felt that the South Korean company will invest approximately $70 million.

    He explained that the company will make a number of threads here, which will be sent to their plant in Guatemala, where different clothes will be manufactured and then they will be sent to the United States.

    Why the choice of Costa Rica for the installation of this plant? Both Molina and Rodriguez acknowledged that the country has an FTA with the United States, as well as quality workmanship.

    The plant will operate within the free zone regime, which relieves them from paying a number of taxes. Rodriguez said that this is not what people should focus on, because their primary interest is creating jobs in their canton.

    The mayor added that the company will have competitive prices for electricity and water, which were two items that assessed the company for installation in this province.

    The arrival of this company in the country comes weeks after transcending the announcement of the Canadian firm Gildan Activewear, who opened a huge plant in Guanacaste, which will employ 1,000 people.

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

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