General Microcircuits de Costa Rica Celebrates Five Years

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'D/ D&' General Microcircuits de Costa Rica Celebrates Five Years Mooresville, NC USA, July 2015 — In 2009, when the US economy was reeling into the great recession, North Carolina based General Microcircuits, with a successful model of transioning the manufacture of customers’ projects to low cost, off-shore Asian alliance partners, needed to find a near-shore, lower cost soluon in this hemisphere to accommodate market pressures of shortened lead-mes for manufacturing and a soluon to reduce transit me and overcome increasing logiscs cost. Aſter ruling out Canada, Mexico, and most Lan American opons, GMI uncovered the merits of manufacturing in Costa Rica. With a long standing friendship and protecon from the United States, Costa Rica disbanded its army in 1948 and used those appropriaons to invest in the educaon and welfare of its people. As a result, they have obtained a literacy rate of 96% and developed a workforce that aracts an assortment of mul-naonal companies looking for a talented workforce. Interesngly, Costa Rica’s populaon is quite young, with a medium age of 26 years. Intrigued by its proximity to the Southeastern United States, GMI values the shortened transit me to ship goods by sea from Costa Rica to North Carolina (7-10 days; compared to 30-45 days from Asia), the shortened flight mes from Charloe to Costa Rica (4 hours; compared to 17-26 hours to Asia) and the one/two me zone change which improves communicaon responsiveness (compared to 11-13 me zones in Asia). In addion, many Costa Rican’s are fluent in English and are eager to converse with Americans. Ticos (Costa Rican naves) are hard workers with cross-funconal skills. With electronics being the number one export for Costa Rica during the 21st century, many talented workers were well trained in advanced manufacturing. With all of these advantages, GMI made the commitment in 2010 to launch a manufacturing operaon 15 minutes from the main internaonal airport in the San Jose Valley (Juan Santa Maria) at the Free Trade Zone BES Industrial Park in Alajuela. This investment was 1133 N Main Street | PO Box 748 | Mooresville, NC 28115 P 704.663.5975 | F 704.663.6569 | www.gmimfg.com Advanced Electronic Manufacturing News Brief

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North Carolina based General Microcircuits has had a successful model of transitioning the manufacture of their customer's electronic projects to low cost, off-shore Asian alliance partners for years. But when the US economy was reeling into the great recession in 2009, GMI needed to find a near-shore, lower cost solution in this hemisphere to accommodate market pressures of shortened lead-times for manufacturing and a solution to reduce transit time and overcome increasing logistics costs.

Transcript of General Microcircuits de Costa Rica Celebrates Five Years

General Microcircuits de Costa Rica Celebrates Five Years

Mooresville, NC USA, July 2015 — In 2009, when the US economy was reeling into the great

recession, North Carolina based General Microcircuits, with a successful model of transitioning

the manufacture of customers’ projects to low cost, off-shore Asian alliance partners, needed to

find a near-shore, lower cost solution in this hemisphere to accommodate market pressures of

shortened lead-times for manufacturing and a solution to reduce transit time and overcome

increasing logistics cost.

After ruling out Canada, Mexico, and most Latin American options, GMI uncovered the merits of

manufacturing in Costa Rica. With a long standing friendship and protection from the United

States, Costa Rica disbanded its army in 1948 and used those appropriations to invest in the

education and welfare of its people. As a result, they have obtained a literacy rate of 96% and

developed a workforce that attracts an assortment of multi-national companies looking for a

talented workforce. Interestingly, Costa Rica’s population is quite young, with a medium age of

26 years.

Intrigued by its proximity to the Southeastern United States, GMI values the shortened transit

time to ship goods by sea from Costa Rica to North Carolina (7-10 days; compared to 30-45 days

from Asia), the shortened flight times from Charlotte to Costa Rica (4 hours; compared to 17-26

hours to Asia) and the one/two time zone change which improves communication responsiveness

(compared to 11-13 time zones in Asia).

In addition, many Costa Rican’s are fluent in English and are eager to converse with Americans.

Ticos (Costa Rican natives) are hard workers with cross-functional skills. With electronics being

the number one export for Costa Rica during the

21st century, many talented workers were well

trained in advanced manufacturing.

With all of these advantages, GMI made the

commitment in 2010 to launch a manufacturing

operation 15 minutes from the main

international airport in the San Jose Valley

(Juan Santa Maria) at the Free Trade Zone BES

Industrial Park in Alajuela. This investment was

1133 N Main Street | PO Box 748 | Mooresville, NC 28115

P 704.663.5975 | F 704.663.6569 | www.gmimfg.com

Advanced Electronic Manufacturing

• News Brief •

1133 N Main Street | PO Box 748 | Mooresville, NC 28115

P 704.663.5975 | F 704.663.6569 | www.gmimfg.com

• News Brief •

started in March 2010 with a group of 14 employees in a 1,014m2 (10,914.61ft2) building.

GMI-CR quickly exceeded all expectations regarding adaptability of the processes, quality of the

manufacturing, and human talent. By 2012, GMI-CR had grown to 50 employees and had

outgrown the facility.

In late 2012 the company moved from the 1,0014m2 (10,914.61ft2) building to a 2,295m2 (24,700

ft2) location. Not long after this expansion was done in the same Free Trade Zone BES, new hires,

new production lines, additional processes and more advanced competencies where added to

support North Carolina and its customers’ needs. Within six months the head count had reached

90 and once again GMI-CR was running out of space.

In 2014, GMI acquired an additional 1700 m2 (18,300 ft2) in an adjacent building, bringing the

total to 4000 m2. (43,000 ft2) By early 2015, renovations complete, GMI relayed out the facility,

maximizing efficiency and flow. GMI-CR now employs 116, with an expectation of 150 by the end

of 2015.

Acknowledgements:

• GMI-CR holds Certifications

for ISO 9001 and ISO

13485(Medical).

• Even though the Free Trade

Zone incentive provided by the

Costa Rican Government offers

GMI and its customers a

competitive advantage where

the raw material can be

imported and transformed into

finished goods without adding

any taxes, duties or additional tariffs, the greatest reasons for GMI’s investment in Costa Rica was

the skill and knowledge of its people along with its proximity to GMI’s customer base.

To view a video about Costa Rica, go to: https://www.youtube.com/watch?v=Kn6qgfTmsyA

• GMI engages in strategic partnerships with governmental agencies within Costa Rica (CINDE,

PROCOMER and AMCHAM). As a result, GMI is working with them and the other multi-national

companies within the Free Trade Zones to enhance local suppliers’ competitiveness to ensure

GMI’s US and Latin American customers receive the extended value.

For US Inquiries contact Jay Handley at [email protected]

For Latin American Inquiries contact Marco Fernandez at [email protected]

1133 N Main Street | PO Box 748 | Mooresville, NC 28115

P 704.663.5975 | F 704.663.6569 | www.gmimfg.com

• News Brief •

About General Microcircuits:

GMI is a global advanced electronics manufacturing company providing circuit board and

integrated assemblies to manufacturers in diverse industries and applications. Founded in 1980

and headquartered 20 miles north of Charlotte, North Carolina, General Microcircuits serves

customers in all segments of the industrial, commercial, telecommunications, medical, defense,

energy and evolving market-sectors. GMI provides domestic (North Carolina), near-shore (Costa

Rica) and off-shore (China and South Korea) manufacturing capabilities to meet its customers’

needs and volumes.

www.gmimfg.com

All new product launches begin in Mooresville, NC, an easy drive from Charlotte International

Airport (CLT). GMI combines a very established and experienced workforce with a strong supply

chain and marries them into a risk intolerance business model.