Medical device manufacturer Bard Shannon Ltd. in Humacao is investing $43 million to expand its operations and add 200 new jobs in the process, Gov. Luis Fortuño announced Wednesday during a tour of the facility.
As a result of the expansion, Bard will transfer the manufacturing of more than 31 products in its inventory previously were made in other states and countries to the new plant in Puerto Rico.
Based in New Jersey, Bard, which manufactures medical equipment including catheters, hernia meshes and biopsy systems, established operations in Puerto Rico in 1981 and currently has 466 employees on its payroll.
“We are making this Island a more attractive place to do business by eliminating the tax burden so that more companies invest in our economy … and most importantly, invest in our people,” Fortuño said. “The more we manage to convince companies to establish their businesses here, the more jobs we will have available for those seeking better economic opportunities.”
While the governor emphasized “Puerto Rico has the ability to become a stronger manufacturing center,” the reality is that several plants have announced plans to shutter in coming weeks, sending hundreds of people to the unemployment lines.
News is my Business broke the story of the upcoming closing of Legacy Pharmaceuticals in Humacao, as well as of the departure of Kerry Products in Arecibo. But perhaps most significant is the end of the 50-year tenure of the Bumble Bee plant in Mayagüez, which this media outlet also exclusively reported. The trio of closings will leave more than 400 jobless.