Company representatives have announced the selection of Costa Rica for the installation of its financial services center, where it will serve all countries in Latin America.
Although the location of the center and the amount of the investment have not been announced, it was indicated that it will be sited close to the company’s plant, in the province of Heredia.
An article in Nación.com notes: "The company will also invest about $70 million over the next five years, which will serve to expand the operations of the plant in Heredia. The company also has a plant in Turrialba, owned by its subsidiary Firestone Industrial Products. It was opened in 2009, with an investment of about $18 million."
Source: Nacion.com
More on this topic
October 2008
Experian, a transnational services company that analyzes business and consumer information, will begin operations tomorrow in the country.
The company was founded in the UK in 1980 and will have its local headquarters in the Ultralaq free zone, in Lagunilla de Heredia. It is dedicated to four business sectors: credit, analysis for decision making, marketing and interactive services.
September 2010
With a $11 million investment the company opened new headquarters in Transactel Tower.
During the inauguration Mario Lopez, Vice-President, announced the company expects to create 3,000 new jobs in Central America in 2011.
Elperiodico.com.gt reported the executive stating: "... we are looking for a new building in Guatemala, the one we have is already filled, we should have it by the first half of 2011."
July 2010
With a $2 Million investment the multinational has launched its new technology hub.
As of its Costa Rican expansion plans it will create 200 new jobs in software development, process design and call centers.
"These new posts will be added to the existing 400 that the company already employs in Costa Rica," comments Nacion.com.
December 2011
Economy and Development Report by CAF - Development Bank in Latin America -entitled Financial Services for development: promoting access in Latin America.
From the introduction of the first chapter of the report:
Access to financial services - Development and Welfare
Why could access to financial services be an important factor for economic development and welfare in Latin America? A first important aspect is that financial institutions have the mission to attract domestic savings, and possibly also those from external sources, to finance both working capital (liquidity needs) such as business investment (physical capital). Meanwhile, families also require credit to finance investment or expenditure needs (e.g. children's education or purchase of durable goods), whose timing may not coincide with the availability of current income or savings.
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