costa rica exports
Exports for Intel costa rica recovered from the decline they had been experiencing since April 2008 for the second consecutive quarter.
Increased demand for chips and chipsets for computers and cellular phones generated sales of $595 million for the company between July and September of this year, 18% more ($91 million) than for the same period in 2008.
In the three months leading up to that time, the multinational based in Heredia also improved its exports.
From April to June, sales surged by 8% ($32 million) in relation to the same quarter last year, reaching revenues of $ 449 million.
Karla White, manager of Intel’s Corporate Relations in Costa Rica, said that markets where Intel sells, Asia, America and Europe, have recovered faster than expected from the financial crisis and this has benefited the company.
White conceded that the multinational’s increase in exports is also due, to a lesser extent, to the transfer of part of the production that the company had been doing in three plants that it closed in Asia earlier this year.
The manager added that the rise in sales in the second and third quarters have helped the company to predict a positive close for this last quarter.
Intel will finish 2009 with exports of $1.9 billion, up 3% over 2008 ($1.85 billion).
However, White would not venture to affirm that the world financial crisis has been overcome in its totality.
“We have no magic ball. We are looking at the market with optimism and we have positive outlook for 2010, but we are not making projections yet,” she said.
The lowest point in the transnational’s sales occurred between November 2008 and January 2009. During those months, exports fell $262 million (44%) compared to $594 million during same period in 2008.
Intel’s business placements represent 20% of total Costa Rican exports. The improvement since the second quarter has caused sales of the country’s sales to decrease at a slower rate since then.
White pointed out that investment and production technology has been vital to lifting the company’s sales. “People want a performance increase. There is a very positive performance by mobile products (laptops and cell phones) where the Atom processor has played an important role,” White added.
These devices operate with chips and chipsets that Intel is making here. The chips and microprocessors are the brains of electronic devices, while the chipsets are equivalent to a computer’s nervous system and they are responsible for controlling the flow of within.
The manager said that new server technology also increased sales the above-mentioned equipment from Costa Rica.
“With these servers, companies that have or provide services to other data center (data storage centers) achieve greater efficiency and, therefore, they upgrade equipment,” she said.
Servers are Intel’s main product manufactured in Costa Rica, and they enable companies to store and distribute vital information on their computer network.
Intel many not be sure about the world economic crisis, but news is good so far. If sales and exports continue to increase, it will also help Costa Rica overcome the world financial crisis.
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Article Source: ArticlesBase.com – Sales Growth for Intel in Costa Rica
Banana- and pinapple-processing for export, Costa Rica. Original version.