Penn United Technologies Inc. plans to realign its operations in Costa Rica so that the focus will be on production and product assembly, rather than high-precision tooling. The company’s president and CEO, Bill Jones, stated "We must stay flexible in assessing the dynamic needs of the markets we serve. Our greatest current need is to provide our customers, such as those in the medical market, with a low-cost option for assembly operations.”
Penn United manufactures high-precision products for the medical, defense, energy, electronics, and automotive markets. It recently sold its San Jose, Calif., tooling operations, and the changes in Costa Rica reflect the needs of its current and targeted customer base. Penn United's main location in Cabot, PA, will continue to support design and manufacturing of high-precision tooling and stamping dies, precision stamping, prototyping, precision machining, custom automated equipment, and reel-to-reel electroplating.
Jones said the company will explore various options for a new location in Costa Rica, and will make investments that will meet customers’ needs.