Lilly Consolidates Puerto Rico Plants | Chemical & Engineering News
Volume 92 Issue 43 | p. 15 | Concentrates
Issue Date: October 27, 2014

Lilly Consolidates Puerto Rico Plants

Department: Business
Keywords: pharma, manufacturing, insulin, Puerto Rico

Eli Lilly & Co. is closing one of its three plants in Puerto Rico. Lilly attributes the closure of the site, in Guayama, to generics competition and a shift in its pipeline toward insulin and biologics. The site’s 100 full-time workers will be offered jobs at the firm’s two plants in Carolina, P.R. Lilly, which hopes to sell the Guayama site, will take a $170 million pretax charge in the fourth quarter.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment