Saturday, April 26, 2014

The Intel Plant

Here is another photo of the Intel plant.  In 1999, Intel accounted for 30% of Costa Rica's exports.  By last year, the diversification of Costa Rica's economy resulted in Intel's share of  exports dropping to 13.7% last year.

The loss of such a large percentage of the country's exports with Intel's announcement that it is transferring manufacturing from Costa Rica to Asia is significant.   The diversification of  Costa Rica's economy is reflected in more than $8 billion of direct foreign investment and 30,000 new jobs created during 2010-1013, particularly in medical equipment manufacturing.

I promised a few days ago that there would be a Costa Rican flair to this factory, but these little queen palms planted outside are not it.

Shortly after taking this photo, I looked down at the grass and saw a curious mystery, which I quickly solved and will share in the coming days.

This week we have photos from our recent cruise in Mexico's Sea of Cortez posted on our Viva la Voyage travel photo site.


Kate said...

I wonder what they will do with the building after it is closed? Shame that the company is moving.

Sharon Anck said...

Hopefully another industry will come along and take up this space.

glenda said...

The three little palm trees are the only hint of Costa Rica.

Hilda said...

Very specific countries in Asia. We lost quite a lot of manufacturing business to China.

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