Laboy: Manufacturers staying put thru PR’s hardship
October 17, 2017
Manufacturing operations — including pharmaceuticals and medical device makers — have not given notice of plans to leave the island despite the hardship conditions Hurricane María left in its wake, Economic Development and Commerce Secretary Manuel Laboy said Monday.
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Baxter resumes limited manufacturing production in PR
October 13, 2017
Baxter International Inc. said Thursday while it is anticipating a reduction in revenue for fourth quarter 2017 as a result of Hurricane María, it expects to “mitigate the related earnings impact through positive performance in other areas of the business.”
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María doesn’t ‘significantly impact’ Avara’s Arecibo plant
October 13, 2017
Avara’s Arecibo plant did not sustain significant impact to its critical manufacturing areas, and the company is expected to continue delivering to customers, the company’s CEO, Tim Tyson said Thursday.
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Hill-Rom completes repairs to its Las Piedras plant
October 12, 2017
Hill-Rom Holdings Inc. provided an update on its Aspen Surgical facility in Las Piedras, where it manufactures Bard-Parker surgical scalpels and blades.
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Eaton reopens 4 plants in PR post-Hurricane María
October 11, 2017
Power management company Eaton announced that its four facilities have returned to operation following the recent hurricanes in Puerto Rico.
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Gov’t looks to boost PR manufacturing index
July 10, 2017
Puerto Rico Economic Development and Commerce Secretary, Manuel A. Laboy-Rivera said the agency is “focused on continuing to work with the Integrated Economic Development Plan (PDEI) to further increase the island’s manufacturing index to more than 50 percent.
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González promotes manufacturing incentives for P.R.
March 13, 2017
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González-Colón, has filed legislation to extend indefinitely the application of Internal Revenue Code Section 199 in Puerto Rico, together with co-sponsors congressmen Carlos Curbelo (R-Florida 26), John Lewis (D-Georgia 5) and José Serrano (D-NY 15).
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P.R. manufacturing index drops to 49.1 in November ’16
January 5, 2017
On a non-seasonally adjusted basis (NSA), the Purchasing Managers Index for Puerto Rico’s manufacturing sector edged down to 49.1 in November, suggesting a contraction in the sector with respect to the previous month.
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Suiza Dairy, Chocolate Cortés launch new local product
June 13, 2016
Two of the most recognized brands in the Puerto Rican market have joined forces to create a new cold, ready-to-drink Cortés Chocolate product, that is 100 percent manufactured in Puerto Rico and combines Chocolate Cortes’ rich consistency with Suiza’s fresh milk.
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Roche Diabetes Care pumping $60M into Ponce plant
June 1, 2016
Roche Diabetes Care and Puerto Rico government officials announced Tuesday the expansion of the Roche Operations Ltd. manufacturing facility in Ponce, where the company will invest $60 million over the next two years.
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Avara Pharmaceutical Services marks 1st year in Arecibo
May 24, 2016
Avara Pharmaceutical Services, which arrived on the island last year after picking up the assets of the former Merck plant in Arecibo, is marking its first year of operations with plans to expand production at the site, a high-ranking company official said this week.
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Bristol-Myers pumps $85M into Manatí plant expansion
May 18, 2016
Global biopharmaceutical company Bristol-Myers Squibb, accompanied by Puerto Rico government officials, confirmed Tuesday an $85 million investment to expand its manufacturing plant in Manatí.
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PuraCap Pharma buys Blu Pharmaceuticals, Blu Caribe
March 29, 2016
New Jersey-based PuraCap Pharmaceutical LLC recently announced the acquisition of Blu Pharmaceutical LLC and Blu Caribe Inc., creating PuraCap International LLC, a joint venture between PuraCap and Dangdai International Group Co., Ltd.
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Regional manufacturers call for joint action on key issues
March 14, 2016
The Board of Directors of the Federation of Industrial Chambers and Associations of Central America, Dominican Republic and Puerto Rico recently made a joint call for governments of the region’s countries to work effectively to reduce energy costs, promote the strengthening of the industrial sector and achieve regional integration.
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PPG to end Glidden, Superior paint manufacturing in P.R.
January 19, 2016
PPG Architectural Coatings announced that it will be pulling the plug on the production of Glidden and Superior brand paints at its Carolina facility, which will be converted to a large-scale distribution center.
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