Feds launch $26M ‘challenge’ to boost manufacturing clusters
May 30, 2012
The President Barack Obama administration announced Tuesday the start of the third round of the $26 million multi-agency “Advanced Manufacturing Jobs and Innovation Accelerator Challenge” to foster innovation-fueled job creation through public-private partnerships.
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Bumble Bee closing Mayagüez plant after 50 years, leaving 260 jobless
May 1, 2012
The Bumble Bee tuna cannery in Mayagüez will be closing its operation after 50 years of doing business in Puerto Rico, leaving about 260 people jobless, News is my Business learned.
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Pall Corp. sells part of Fajardo operation in $551M deal
April 30, 2012
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.
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Section 933A proposal facing hurdles as lobbying efforts gain momentum
November 11, 2011
Resident Commissioner in Washington Pedro Pierluisi said Thursday that H.R. 3020, which proposes adding a new section to the U.S. Internal Revenue Code to drum up local investments, is facing several challenges in Congress.
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Pérez-Riera: P.R. can regain manufacturing footing, reactivate economy
September 28, 2011
The global currents and economic challenges of the private sector, which have generated a sort of pessimism that focuses on only one part of the current reality, have significantly affected Puerto Rico’s manufacturing sector, Economic Development and Commerce Secretary José Pérez-Riera said.
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PIA balks at ‘subjective’ pharma quality study
September 13, 2011
The Puerto Rico Pharmaceutical Industry Association raised three specific objections to the recently released study evaluating quality results in drug manufacturing plants outside the U.S. mainland, saying, among other things, the findings were “highly questionable.”
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Study: P.R. drug plant quality issues linked to cultural differences, knowledge transfer gaps
September 7, 2011
Drugs produced in U.S.-owned and operated pharmaceutical manufacturing plants in Puerto Rico are more likely to have quality problems than those produced by the same firm in a matched plant on the mainland, a study released Tuesday by Ohio State University's Fisher College of Business.
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New $15M coffee processing plant opens in Ponce
May 19, 2011
The island’s declining coffee industry got a shot in the arm Wednesday with the opening of Puerto Rico Coffee Roasters’ new $15 million roasting and distribution facility in Ponce that pursues revitalizing the sector and increasing manufacturing capacity to export the product.
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NY biotech group looks to PR for business
November 16, 2010
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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