Abbott Laboratories Opens Industrial Plant
San Jose, Costa Rica – March 17, 2000. Today Abbott Laboratories opened its new
industrial plant for manufacturing hospital products. On this important occasion
the company had the honor of welcoming the President of the Republic, Miguel Angel
Rodriguez, who cut the ribbon at the ceremony for the inauguration of the new plant,
equipped with leading-edge technology.
Mr. Robert L. Parkinson, Jr., President and General Manager of Abbott Laboratories,
and Richard Gonzalez, Senior Vice-President of Abbott Laboratories, were also present.
Parkinson declared: "To us this represents the beginning of a major and long-lasting
relationship with Costa Rica and its citizens".
In March 1999 Abbott laid the foundation stone for the plant, beginning its construction.
Parkinson added: "If it were not for the wonderful people of this country, this
excellent industrial plant would not be a reality today. One of the most important
reasons why we decided to start developing our company here is the excellence of
the labor force, which is highly qualified and efficient, as we have seen. We hope
to grow hand-in-hand with Costa Rica for many more years to come".
The new industrial plant is located in Parque Global, a free-zone industrial park
located in Barreal de Heredia. Abbott’s plant occupies approximately 23.000 m2,
built on a 14-hectare piece of land. At present, Abbott provides employment to 352
full-time workers, and 400 more will be hired during the first year of operations.
Abbott’s plant in Costa Rica will produce some of the most advanced medical products
in the world, including devices for control and administration of intravenous medicines,
which will greatly contribute to the quality of medical services provided to people
in many countries.
Abbott’s Division of Hospital Products is made up of five main divisions, including
Intensive and Palliative Care, Oncology, Vascular Medicine, Renal Medicine, and
Pharmaceutical Delivery. The division provides employment to 13,000 people in eleven
different places around the world. In 1999 the division’s sales amounted to two
Abbott is a company specializing in global health, diversified and dedicated to
the discovery, development, manufacture and commercialization of hospital, pharmaceutical,
diagnostic, and food products. The company employs 57,000 people and sells its products
in more than 130 countries. In 1999, the company’s sales and net income were 13.2
billion dollars and 2.4 billion dollars, respectively, with deluted earnings per
share of $1.57.