UTC Aerospace Systems, a unit of United Technologies Corp., announced Wednesday it is expanding its presence in Puerto Rico over the next three years with the establishment of an operations and supply chain business services center.
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits.
Life sciences giant Bayer inaugurated Tuesday two research and development facilities in Guánica and Sábana Grande, as part of an ongoing effort to contribute to the field of crop science, one of the company’s main business lines since it was established on the island 13 years ago.
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