Electrisa invests $6 million to expand into Costa Rica

Panamanian electrical supply company Electrisa has launched its first international expansion by entering the Costa Rican market. The company is investing more than $6 million to establish its presence, focusing on retail, technology, and logistics. In Costa Rica, the company will operate under the brand name Electricast.

Electrisa specializes in electrical products and equipment for sectors including telecommunications and industry. General Manager Eddie Castellanos stated that the move into Costa Rica is a strategic decision driven by the country’s solid economic environment and growth opportunities in areas such as foreign investment, free zones, tourism, construction, and commerce.

The initial investment covers the opening of a new store and the development of logistical capabilities. The company has indicated plans for future growth, which may include establishing a workshop for panel assembly and technical services to expand its service offerings in the region.