PRiMEX: 70% of Puerto Rico’s manufacturing buildings show structural damage
December 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
November 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’
September 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
September 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
July 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
July 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
May 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
May 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
May 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
April 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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Furniture manufacturer DNG Inc. planning $500K expansion
April 20, 2021
Local wood, particulate panel and PVC furniture factory, DNG Inc. in San Sebastián, is planning to invest $500,000 to expand its plant and also consider the possibility of exporting its products to the US mainland. The information was revealed during a visit by Department of Economic Development and Commerce Secretary Manuel Cidre, who was on […]
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New execs named in cross-section of Puerto Rico industries
March 26, 2021
This edition of Climbing the Corporate Ladder includes executive appointments in a cross-section of industries, namely manufacturing, health insurance, economic analysis and delivery services. Merck Puerto Rico names commercial GMAfter seven years leading the Central American and Caribbean region, Nilda Vázquez returns to the island as the new general manager for Merck Puerto Rico’s commercial […]
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GSK Consumer Healthcare makes Emergen-C dietary supplement at Guayama plant
March 23, 2021
GSK Consumer Healthcare’s Guayama plant is manufacturing a number of products sold worldwide, including the Emergen-C dietary supplement, company officials confirmed. “We’re all proud at GSK that we have the important task in Puerto Rico to make Emergen-C available to our consumers,” said Víctor Rincón, GSK Consumer Healthcare Puerto Rico General Manager. The Emergen-C dietary […]
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Puerto Rico Manufacturing Purchasing Managers Index up to 52.4 in January
March 2, 2021
The Puerto Rico Purchasing Managers Index (PRM-PMI) for the manufacturing sector increased to 52.4 in January, breaking the threshold of 50, suggesting growth when compared to the previous month. The employment, own Inventories and suppliers’ deliveries sub-indexes increased with respect to the previous month, while the employment, suppliers deliveries and own inventories sub-indexes beat the […]
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2 biotech firms investing $228M to open plants in Puerto Rico
February 4, 2021
CytoImmune Therapeutics, Inc. and Biosimilar Solutions, LLC will establish operations in Puerto Rico to develop their biotechnology products. Both initiatives represent a combined investment of some $228 million and the creation of 400 jobs, economic development organization Invest Puerto Rico announced. While CytoImmune Therapeutics will engage in developing cancer immunotherapy solutions, Biosimilar Sciences will work […]
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