BDE to allocate $20M to foster local manufacturing, exports
marzo 2, 2023
The agency partnered with PRiMEX to benefit small and medium-sized companies.
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Puerto Rico manufacturing index edged up in December
febrero 2, 2023
All PMI sub-indexes reflected a monthly expansion in the sector.
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LIFT to open manufacturing innovation institute in Puerto Rico
diciembre 21, 2022
LIFT, the Detroit-based Department of Defense national manufacturing innovation institute, has signed a Memorandum of Understanding (MOU) with the Puerto Rico government to open a local branch of its operation to offer advanced applied research and development, as well as advanced manufacturing on the island. During the signing of the MOU, in which Gov. Pedro […]
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Puerto Rico manufacturing purchasing index drops to 53.3 in May
julio 6, 2022
Staffing turnovers, lack of raw materials and increased costs affected the sector in May.
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PRIDCO expects to reap benefits of ‘strategic transformation’ in ’22
enero 5, 2022
After wrapping up what he called a “complex year” during which many projects were kicked-off and made possible using Puerto Rico Industrial Development Company (PRIDCO) properties, agency Executive Director Javier Bayón said 2022 brings a loaded agenda in favor of Puerto Rico’s economic development. PRIDCO officials spent the better part of 2021 reshaping the agency’s […]
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PRiMEX: 70% of Puerto Rico’s manufacturing buildings show structural damage
diciembre 17, 2021
The Puerto Rico Manufacturing Extension Inc. (PRiMEX) released two studies analyzing the state of the island’s manufacturing infrastructure, which concluded that more than 70% of 160 buildings inspected are still dangerous after the earthquakes that hit two years ago. The studies also showed that more than 85% of the small and medium-sized manufacturing companies on […]
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Casa Bravada distillery in Toa Baja launches 1st Puerto Rico-made vodka
noviembre 10, 2021
Puerto Rican entrepreneurs Carlos J. López-Vidal and Claudia Ferrer-Tañón inaugurated the first local vodka distillery Casa Bravada — which entailed a $1.5 million investment — and their Bravada Vodka, a 100% artisanal product, manufactured in Toa Baja. “Casa Bravada arises from a dream to establish a family business together with my husband Carlos, with a […]
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Business leaders list opportunities for ‘manufacturing of the future’
septiembre 15, 2021
As part of the activities to mark “Manufacturing Week 2021” locally and in the US mainland, Puerto Rico Manufacturing Extension Inc. (PRiMEX), held a round table with business leaders, who discussed the opportunities and how the manufacturing of the future will be built. Leaders agreed that Puerto Rico needs to maintain the existing manufacturing industry, […]
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Puerto Rico manufacturing PMI up to 55.8 in July
septiembre 2, 2021
The Purchasing Managers Index (PRM-PMI) for Puerto Rico’s manufacturing sector increased to 55.8 in July, an expansion over the prior month. The index is a collaborative effort between the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics that measures several components related to the sector. The Employment (55.8), Suppliers Delivery (71.2) and […]
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Chemical Solutions invests $1.1M to produce organic disinfectant
julio 28, 2021
Yabucoa-based Chemical Solutions, LLC acquired the rights to manufacture in Puerto Rico hypochlorous acid, an organic, water-based disinfectant that combats virus and bacteria, and is 99% effective, company officials announced. After months of negotiations and through a $1.1 million investment, this new manufacturing line will catapult Chemical Solutions into the international market, making it the […]
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Fenwal Int’l investing $34M to create state-of-the-art campus in San Germán
julio 21, 2021
Fenwal International Inc., a Fresenius Kabi company, announced plans to expand its campus in San Germán, where it plans to consolidate its manufacture of sterile product bags, accessories assembly, and filling operation of saline solution and anticoagulants. The company estimates that it will make a full investment in San Germán of about $34 million to […]
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Puerto Rico looks to Congress to secure increased manufacturing activity
mayo 26, 2021
Representatives of the island’s pharmaceutical, aerospace, medical devices, and accountants, among other private sectors, expressed their support for the Medical Manufacturing, Economic Development and Sustainability Act, submitted in Congress by Puerto Rico Resident Commissioner, Jenniffer González. The bill was touted as “an ideal route to strengthen Puerto Rico’s position as a national manufacturing center.” The […]
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Puerto Rico’s manufacturing sector advances, exceeds pre-COVID-19 levels
mayo 18, 2021
Manufacturing activity has advanced steadily over the past 10 months and, for the first time since the COVID-19 outbreak, has exceeded the pre-pandemic level, according to the Manufacturing Coincident Indicators Index (IICM, in Spansih) for February 2021. Industrial activity in February increased 0.6% (seasonally adjusted) and registered a value of 104.1 points when compared to […]
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MetalMax Caribe LLC. opens $1.3M manufacturing plant in Naranjito
mayo 6, 2021
Puerto Rican operation MetalMax Caribe, LLC. unveiled its development plans to the Department of Economic Development and Commerce (DDEC, in Spanish) that include a new plant for the manufacture and distribution of products made with a variety of metals such as aluminum, galvalume, stainless steel and galvanized steel, for the construction industry, among others. This […]
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Puerto Rico’s average yearly salary hovers at $25,332, study shows
abril 20, 2021
Puerto Rico’s average worker makes about $25,332 a year, according to a study by the Census Information Center of the University of Puerto Rico in Cayey, based on numbers from the US Census for 2017. The Center’s Director, Economist José Caraballo-Cueto, explained that the most recent economic Census provides data on a cross-section of private […]
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