Monday, June 25, 2018

Government says company interested in Puerto Rico Pepsi plant

By on February 20, 2018

SAN JUAN – Puerto Rico Economic Development (DDEC by its Spanish acronym) Secretary Manuel Laboy said in a radio interview (RadioIsla 1320) Tuesday that there is already a company interested in taking over Pepsi’s plant in Cidra.

Pepsi announced the closure of its operations last week, leaving more than 200 workers unemployed and substantially decreasing municipal revenue.

“We are looking for alternatives. Right now we have a potential company that could be the one that replaces Pepsi in Cidra, which is also in the beverage sector. We are literally in the process of negotiating,” the official said.

Pepsi plant in Puerto Rico closes, leaves 200 unemployed

Among the alternatives being explored to attract companies to relocate in Cidra are tourism- and medicinal cannabis-related businesses.

On Monday, Laboy and Gov. Ricardo Rosselló announced a company expansion that will impact four municipalities on the island with the support of incentives granted by the Puerto Rico Industrial Development Co. (Pridco). Cidra is not among those four towns.

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