The German company Fresenius Kabi will expand its facilities located in San Germán with an investment of over $ 30 million, announced today Governor Wanda Vázquez Garced and the secretary of the Department of Economic Development and Commerce (DDEC), Manuel A. Laboy Rivera.
“One of the world’s leading companies in transfusion technology, products for blood collection and processing, as well as cell therapy, continues to strengthen its roots with Puerto Rico and we thank you for your trust. This substantial investment in the southwest area of Puerto Rico, a region affected this year by the continuous earthquakes, is excellent news for the workers of the region, “the governor said in written statements.
“Despite the challenges we face, our island offers multiple alternatives that encourage companies to reaffirm their commitment to continue operations in Puerto Rico. Meanwhile, they offer new job opportunities with highly paid salaries for specialized workers in the bioscience sector” added Vázquez Garced.
For his part, the president of the Division of Transfusion Medicines and Cellular Therapies of Fresenius Kabi, Christian Hauer, and the vice president of Fresenius Kabi of Puerto Rico, Eric Santiago-Justiniano, reported that the expansion will consist of modernizing and automating the plant to increase your capacity and competitiveness. In addition, they will establish a center for research and development of transfusion and cell technology.
Of the over $ 30 million in investment, more than about $ 25 million will be used for machinery and technical equipment, while the rest will be for the expansion of physical facilities. In addition, it was indicated that Fresenius Kabi acquired the facilities in San Germán.
“This is a historic event for Fresenius Kabi. The transformation achieved by the Puerto Rico operations, especially during the past four years, is very clear that our San Germán operation represents an indisputable strategic advantage in preserving and increasing a presence in the transfusion medicine sector. That was the critical thinking that led us to acquire the San German plant and make significant investments in modernization and process automation, ”Hauer said.
Meanwhile, Santiago-Justiniano stated that “the operational excellence, commitment to quality, and dedication to the highest manufacturing standards of Puerto Rican workers, are exemplified through this expansion at our San Germán plant. Our Puerto Rico operations are an example of the focus on efficiency and productivity. “
The secretary of the DDEC welcomed the expansion of Fresenius Kabi, a company that stands out for its manufacturing operation in the biosciences sector in the western part of Puerto Rico.
“With the new investment, the Industrial Development Company will grant an incentive that will be equivalent to 20 percent of the total investment. These funds are intended for infrastructure and the company must guarantee the operation of the plant for a minimum of 10 years. The manufacturing sector in the biosciences area continues to gain ground in Puerto Rico and there is increasing interest from companies to expand their operations, which places the Island in an attractive position for other companies to invest and have professionals specialized first-rate. We thank Fresenius Kabi for his commitment to our Island. We will continue the teamwork between the private sector and the government, for the well-being of Puerto Rico’s economic development, ”said Laboy Rivera.
The plant started operations in San Germán 25 years ago, and eight years ago it became part of Fresenius Kabi. Currently, there is another plant of the company that operates in Maricao.