Fortune 500 to invest in new Strategy Center in Costa Rica
The Fortune 500 company Procter & Gamble will be investing $2 million to create a new Business Strategy Center in Costa Rica from which they will provide business consulting to all of the regional branches throughout Latin America with a focus on innovation.
The general manager of P&G’s operation center Global Business Services, William Merrigan, made the official announcement yesterday morning in a meeting with Costa Rican President Oscar Arias, the Exterior Commerce Minister, and the general director of Cinde (Costa Rican Coalition of Development Iniciatives).
The company has had branches in the country since 1999, and its Financial Services Headquarters here has already seen 75% growth since its creation three years ago. After the states, the multinational has more employees in Costa Rica than any of its 80 other international locations, and sees approximately $30 million coming from the Costa Rica branch annually.
The new center will have 250 employees and will serve as a base for consulting branch offices on issues regarding finances, efficiency, cost reduction, information and distribution. They will be looking to fill about 150 positions in the very near future with qualified personnel that have a high level of English and leadership skills.
P&G has budgeted $34 million for its 2008 operations in the country, a number which could increase. Company representatives noted the extreme talent that has come from their Costa Rican branches, which is why they Costa Rica to be the sight of the new regional headquarters and to consider them first for any further expansion or investment in the region.
P&G has its main headquarters in Cincinnati, Ohio and dedicates itself to making and marketing consumer products for mass consumption. Some of the most well known brand names tht fall under this umbrella companyinclue Gillett, Folgers, Pringles, Tide, Charmin, Bounty and Crest.
Those interested in applying can find more information here: www.pg.co.cr
Photo courtesy of La Republica.
|Written by Claire Saylor|
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Filed under: Business on February 21st, 2008