The report is produced as a collaboration between the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics. #NewsismyBusiness
The agency partnered with PRiMEX to benefit small and medium-sized companies.
All PMI sub-indexes reflected a monthly expansion in the sector.
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 […]
Staffing turnovers, lack of raw materials and increased costs affected the sector in May.
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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