Pharmaceutical company Actavis is investing $48 million to expand operations in Manatí, where it will develop a solid dosage manufacturing and packing facility, and expand its current hormone production in Fajardo, Gov. Alejandro García-Padilla announced Wednesday.
Nearly two decades after it was first unveiled with massive enthusiasm — only to be held up by a protracted legal battle that basically left it in shambles — the Cayo Largo hotel development project is finally expected to move forward in Fajardo starting next year, for an opening in 2017, this media outlet learned.
Ferry service between Puerto Rico and its island municipalities of Vieques and Culebra could be be significantly cut back starting in January, because the government has apparently decided not to renew its contract with private operator Puerto Rico Fast Ferries, this media outlet learned Wednesday.
Pharmaceutical company Actavis plc, based in Ireland, announced Tuesday it has completed the acquisition of Warner Chilcott plc in a stock-for-stock transaction valued at approximately $8.5 billion. Warner Chilcott has a plant in Fajardo.
Puerto Rico Trade Executive Director Francisco Chévere and Fajardo Mayor Aníbal Meléndez officially opened the new facilities of the Eastern Region Business Development Center with the goal of offering support to the area’s small and mid-sized businesses.
Puerto del Rey, the largest marina in the Caribbean located in Fajardo, filed for Chapter 11 bankruptcy protection late last week, listing $44.3 million in debt.
Mass.-based Haemonetics Corp. announced over the weekend it has entered into a definitive agreement to acquire Pall Corp.’s blood collection, filtration and processing product lines, including its manufacturing facilities in California, Mexico, Italy and a portion of Pall's assets in Fajardo.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA