Electronics and crop protection products maker DuPont Electronics is investing $40 million to expand its Manatí plant, adding 25 new jobs to its existing payroll.
The plant, which falls under DuPont Worldwide’s U.S. operations, is able to expand its operation as a result of a decree signed with the Puerto Rico Industrial Development Company that grants tax incentives, Gov. Luis Fortuño said during the announcement Tuesday.
“This multi-million dollar investment by DuPont is proof of the trust that multinational companies have placed on Puerto Rico, and most importantly, our people,” he said. “Its commitment to expand its island operations brings security and stability to hundreds of heads of households who are part of this great staff,” he said, addressing a roomful of DuPont employees.
For his part, Economic Development and Commerce Secretary José Pérez-Riera said the government’s incentives package, plus recent reforms implemented to expedite the permits process, are part of the strategy to continue luring new companies to Puerto Rico and the expansion of existing ones.
DuPont Worldwide has four subsidiaries in Puerto Rico: DuPont Electronics, Dupont Chemical and DuPont Agricultural in Manatí, and Pioneer Hi-Bred in Salinas. Operating in some 90 countries, DuPont offers a wide range of products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.