2 biotech firms investing $228M to open plants in Puerto Rico
February 4, 2021
CytoImmune Therapeutics, Inc. and Biosimilar Solutions, LLC will establish operations in Puerto Rico to develop their biotechnology products. Both initiatives represent a combined investment of some $228 million and the creation of 400 jobs, economic development organization Invest Puerto Rico announced. While CytoImmune Therapeutics will engage in developing cancer immunotherapy solutions, Biosimilar Sciences will work […]
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Medtronic produces insulin pump system at Juncos facility for global distribution
February 4, 2021
Medical device manufacturer Medtronic announced the launch of its newest insulin pump system, produced at its Juncos facility from where it will be exported globally. The Medtronic Minimed 770G insulin pump system has approval from the US. Food and Drug Administration and adjusts insulin levels automatically, taking on more diabetes control tasks so patients can […]
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Puerto Rico’s manufacturing sector shows growth in December ’20
February 2, 2021
The Puerto Rico Manufacturing-Purchasing Managers Index showed an increase to 51.8 in December, surpassing the threshold level of 50 and suggesting an expansion in the manufacturing sector with respect to the previous month. The manufacturing sector has shown sustained improvement for the past few months, after experiencing one of the most significant drops due to […]
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PRiMEX starts export academies, talent management and dev’t on the island
January 20, 2021
Puerto Rico Manufacturing Extension Inc. (PRiMEX), announced the start of two academies, specialized in export areas, as well as the management and development of talents on the island, also known as “Smart Talent.” Both academies are aimed at Puerto Rico’s small and medium manufacturing business sector. “For the second year in a row, we will celebrate […]
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PepsiCo Puerto Rico exploring exporting locally-made products to So. Florida market
December 16, 2020
PepsiCo, which has been manufacturing popular snacks — Doritos, Tostitos and Cheetos — out of its Barceloneta plant since 1982, is evaluating expanding its reach into South Florida, by exporting its “Mofongo Mix” product line into a market with a solid Puerto Rican presence. In an interview with this media outlet, company General Manager Alejandro […]
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Viatris to shutter its Mylan manufacturing plant in Caguas
December 14, 2020
Viatris Inc. — the new company product of the merger between Mylan and Pfizer’s Upjohn manufacturing operations — announced the closure of its plant in Caguas that will happen in phases through December 2022. Some 600 employees will be affected by the corporate decision to eliminate the solid dose manufacturing facility that still carries the Mylan […]
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Lantheus Holdings Inc. sells Puerto Rico operations for $18M
December 7, 2020
Lantheus Holdings Inc. announced the sale of its Puerto Rico radiopharmacy and positron emission tomography manufacturing facility in Ponce to PharmaLogic Holdings Corp. for $18 million in cash. As part of the transaction, Lantheus and PharmaLogic will also enter into a long-term supply agreement under which Lantheus will continue to supply PharmaLogic with Lantheus’ products […]
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Pall Life Sciences invests $4.5M in electric and thermal energy cogeneration system
October 26, 2020
Pall Life Sciences Puerto Rico LLC, a subsidiary of Danaher Corporation, announced a $4.5 million investment in a new electric and thermal energy cogeneration system at its plant in Fajardo, which has been in operation for 45 years. “Pall Life Sciences Puerto Rico LLC, reaffirms its commitment to invest in the island with a system […]
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Becton Dickinson pumps $23M into Juncos complex expansion
October 15, 2020
Medical technology manufacturer Becton, Dickinson and Company (BD) announced a new expansion to its complex in Juncos, through a $23 million shared investment with the Department of Economic Development and Commerce (DDEC). BD has been operating in Puerto Rico since 1957 and will expand its operations and infrastructure to increase production capacity, DDEC Secretary Manuel […]
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Economic Dev’t and Commerce grants $3.1M to textile, food manufacturers
October 12, 2020
The Department of Economic Development and Commerce announced support for seven Puerto Rico-based companies in the food and textile production sector, whose total investments are close to $3.1 million and the creation of more than 700 jobs. The agency is supporting the expansion of Productos Chebo’s, Amasar LLC, Farm City, and Productos La Finca, which […]
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Cidrines pastry and bread manufacturer invests $3M to boost exports
October 8, 2020
Cidrines, a Puerto Rican company founded in 1978 known for its sweet ‘sobao’ bread and pastries, is investing $3 million to expand its manufacturing plant in the Zeno Gandía industrial park in Arecibo to increase its exports, company and government officials announced. The investment will cover the hiring of 50 employees over the next 36 […]
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Fresenius Kabi Puerto Rico invests $30M to expand San Germán complex
September 15, 2020
Fresenius Kabi Puerto Rico, a company focused on transfusion technology, blood collection and processing products, as well as cell therapy, announced plans to expand its manufacturing complex in San Germán, at a cost of $30 million. The expansion entails modernizing and automating the plant to increase its capacity and competitiveness, as well as establishing a […]
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Puerto Rico’s manufacturing activity index drops to 58.8 in July
September 2, 2020
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector decreased slightly to 58.8 in July. However, numbers released by the Puerto Rico Institute of Statistics show that a reading above the threshold level of 50 suggests an expansion in the manufacturing sector with respect to the previous month. The new orders and employment sub-indexes […]
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Ron del Barrilito maker investing $12M to increase production, exports
August 27, 2020
A $12-million expansion plan is underway for Ron del Barrilito, to increase production and exports, said Eduardo Bacardí, sales and marketing director for producer Edmundo B. Fernández Inc. The investment will help increase production volume by 400%, he said. “This expansion phase takes us to a higher level by increasing our production, storage, and aging […]
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Romark to produce ALINIA at its manufacturing plant in Manatí
August 21, 2020
Romark, a research-based pharmaceutical company focused on the discovery, development and delivery of innovative new medicines, primarily in the field of infectious diseases, announced that the U.S. Food and Drug Administration has given its approval to the production of ALINIA, at its Manatí plant. The $80 million, state-of-the-art facility opened a little more than a […]
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