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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Puerto Rico Manufacturing-Purchasing Managers Index showed an increase to 51.8 in December, surpassing the threshold level of 50 and suggesting an expansion in the manufacturing sector with respect to the previous month. The manufacturing sector has shown sustained improvement for the past few months, after experiencing one of the most significant drops due to […]
PepsiCo, which has been manufacturing popular snacks — Doritos, Tostitos and Cheetos — out of its Barceloneta plant since 1982, is evaluating expanding its reach into South Florida, by exporting its “Mofongo Mix” product line into a market with a solid Puerto Rican presence. In an interview with this media outlet, company General Manager Alejandro […]
Viatris Inc. — the new company product of the merger between Mylan and Pfizer’s Upjohn manufacturing operations — announced the closure of its plant in Caguas that will happen in phases through December 2022. Some 600 employees will be affected by the corporate decision to eliminate the solid dose manufacturing facility that still carries the Mylan […]
Pall Life Sciences Puerto Rico LLC, a subsidiary of Danaher Corporation, announced a $4.5 million investment in a new electric and thermal energy cogeneration system at its plant in Fajardo, which has been in operation for 45 years. “Pall Life Sciences Puerto Rico LLC, reaffirms its commitment to invest in the island with a system […]
Puerto Rico Manufacturing Extension Inc. (PRiMEX), announced new programs that seek to support small and medium-sized manufacturing companies on the island in response to the recent earthquakes in the south west zone, the COVID 19 pandemic, as well as rural areas in the south central area of the island, with special attention to the agro-industrial […]
Medical technology company Haemonetics Corp. announced that it has entered into a definitive agreement to sell its Fajardo manufacturing operations to GVS, S.p.A, a provider of advanced filtration solutions for critical applications. Under the terms of the agreement, upon closing, Haemonetics will retain all intellectual property rights to its proprietary blood filters currently manufactured at […]
The Coronavirus pandemic will cause people to rethink existing values and will impact economic models going forward, a group of local and international experts gathered by Invest Puerto Rico during a virtual webinar concluded. In Puerto Rico, where the economy has been limping along for the better part of the last 12 years, the already […]
Stressing that the COVID-10 pandemic has put the spotlight on the importance of the manufacture of medicines, products and medical devices to guarantee the health of citizens, the Alliance for the Economic Development of Puerto Rico launched a campaign to support the return of pharmaceutical and health-related products to the United States. The private sector […]
Puerto Rico’s Purchasing Managers Index for the island’s manufacturing sector decreased to 43.2 in November and remained below the threshold level for the eighth consecutive month. A reading below the threshold level suggests a contraction in the manufacturing sector with respect to the previous month. The report shows that four out of five of the […]
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