Viandharina to produce, package locally grown harvests
June 12, 2015
Viandharina, a new agro-industrial company based in Salinas, has opened for business in the south following a $1.6 million investment in a plant that seeks to substitute imports of several Puerto Rican food staples, including sweet and green plantain and breadfruit “tostones.”
chat_bubble0 Comment
visibility4497 Views
Op-Ed: What is Puerto Rico selling?
June 9, 2015
Is our current political status limiting our economic potential? That was the controversial question that was asked during last year’s ALPFA Puerto Rico’s marquee event, when a panel of five senior executives from the corporate, nonprofit and entrepreneurial sectors answered questions about our island’s most pressing problem: How to stop the infamous “brain drain.” It […]
chat_bubble0 Comment
visibility3508 Views
Census: P.R. manufacturing shipments drop 4.5% in ’12
March 2, 2015
Puerto Rico's overall manufacturing sector reported $76.6 billion in total value of shipments for 2012, down 4.5 percent from $80.2 billion in 2007, according to the U.S. Census Bureau's Economic Census of Island Areas.
chat_bubble0 Comment
visibility3315 Views
Economist: ’14 turbulent, but ’15 will be decisive for P.R.
February 17, 2015
The effects of the current administration’s value-added tax proposal as part of a sweeping tax overhaul and the “liquidity time bomb” of the Government Development Bank will make 2015 a “decisive year” for making harsh decisions, analyst firm H. Calero Consulting predicted in the latest edition of its publication “Compass.”
chat_bubble0 Comment
visibility3388 Views
Lilly to close Guayama plant in ’15 as part of realignment
October 17, 2014
Eli Lilly and Company announced Thursday plans to conclude production and pursue a sale of one of its Guayama plant, one of three operations it has in Puerto Rico. The site will remain in production until the end of 2015, company officials said.
chat_bubble0 Comment
visibility4659 Views
García-Padilla stresses value of industrial diversity
October 8, 2014
Gov. Alejandro García-Padilla stressed Tuesday the importance of the development of the aircraft maintenance, repair and reconditioning center by Lufthansa Technick in Aguadilla as the “axis of a new industry that will consolidate the ongoing diversification of the island’s economy.”
chat_bubble0 Comment
visibility2861 Views
Olein Recovery Corp. expands Puerto Rico operations
September 17, 2014
Puerto Rican oil recycling company, Olein Recovery Corp., announced Tuesday expansion plans that call for a $2 million modernization of its laboratory and production lines, which will add 50 new jobs.
chat_bubble2 Comments
visibility11742 Views
Medtronic marks 40 years of innovating in Puerto Rico
September 5, 2014
Medical device maker Medtronic Puerto Rico Operations Co. is marking a milestone — 40 years of presence on the island — with a strong track record and expectations for maintaining its status as a “hub” of innovation for the global giant.
chat_bubble2 Comments
visibility7380 Views
PRIDCO in Brazil for Iberoamerican Economic Congress
September 2, 2014
With a business development agenda in hand, Puerto Rico Industrial Development Company Executive Director Antonio Medina-Comas will participate this week in the Iberoamerican Economic Congress taking place in Sao Paulo and Brasilia, in Brazil.
chat_bubble0 Comment
visibility2773 Views
Puerto Rico manufacturing PMI jumped to 52.8 in Feb.
April 2, 2014
Puerto Rico’s Purchasing Managers Index for the manufacturing sector increased to 52.8 in February, vaulting over the 50-point threshold after two consecutive months of falling short, the report released Tuesday by the Puerto Rico Institute of Statistics revealed.
chat_bubble0 Comment
visibility2706 Views
$60M aluminum can manufacturing plant opens in Cidra
January 17, 2014
Caribbean Can Manufacturing Company, LLC, a new $60 million one-of-a-kind aluminum can manufacturing plant based in Cidra was officially inaugurated today, marking the the birth of a new local industry, company officials said.
chat_bubble0 Comment
visibility11189 Views
Puerto Rico manufacturing PMI up to 53.1 in November
January 3, 2014
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector increased to 53.1 in November, remaining above the threshold level for the fourth consecutive month on a non-seasonally adjusted (NSA) basis, according to the report released Thursday.
chat_bubble0 Comment
visibility2749 Views
Challenger Brass & Copper invests $1M to expand
December 10, 2013
Challenger Brass and Copper Inc., a Toa Baja company dedicated to the commercialization and distribution of copper, brass, bronze, stainless steels and aluminum, announced Monday plans to invest $1 million on equipment and machinery to establish a copper parts manufacturing line.
chat_bubble0 Comment
visibility4370 Views
Puerto Rico pursuing Boeing’s manufacturing business
December 4, 2013
Puerto Rico government officials confirmed Tuesday the García-Padilla administration is working on a proposal to persuade aerospace giant Boeing to build its new 777X aircraft on the island, which could create thousands of jobs and billions of dollars in much-needed economic activity.
chat_bubble0 Comment
visibility5772 Views
6 co.’s pledge to create 545 new jobs in Puerto Rico
November 19, 2013
Five companies doing business on the island — and a newcomer that will open soon — have confirmed plans to expand their operations in Puerto Rico, creating 545 jobs through combined investments of more than $51.3 million, Gov. Alejandro García-Padilla said Monday.
chat_bubble0 Comment
visibility3204 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA