(Credit: 60 Minutes) Cheryl Eckard The woman who blew the whistle on the production problems plaguing the now-shuttered GlaxoSmithKline plant in Cidra was interviewed on 60 Minutes on Sunday, marking the first time she has spoken publicly of the manufacturing breaches. In the report, Cheryl Eckard — a former global manager for quality assurance for […]
esearch firm Business Monitor International on Monday predicted that Puerto Rico's pharmaceutical industry will show a slight growth of 2.5 percent next year, despite the looming threat of the effects of Law 154, which starting in January levies a 4 percent excise tax on foreign corporations doing business on the island.
Private equity firm Centre Partners announced Wednesday the sale of its Bumble Bee Foods division to Lion Capital, for $980 million. The transaction includes the cannery in Mayagüez, which has been in operation since 1962. Bumble Bee is North America’s leading supplier of shelf-stable seafood under the Bumble Bee, Clover Leaf, Brunswick, Snow’s, Beach Cliff, King […]
Poultry processing and food distributor Pilgrim’s Pride announced Friday it will price $500 million in senior unsecured notes, an increase from the original $350 million it sought to raise earlier this year. Pilgrim’s Pride — parent company of the To-Ricos chicken processing plant in Aibonito — intends to use the net proceeds from the offering […]
No sooner had the local government signed off on a new law approving a 4 percent tax on controlled foreign corporations this week, that a stateside organization saw an opening to begin luring local manufacturing corporations to move north.
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