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Filtering Up -- Eric Krasnoff, Chairman and CEO of Pall Corporation (NYSE: PLL) and the Hon. Anibal Acevedo-Vila, Governor of the Commonweath of Puerto Rico, announce the planned expansion of Pall's Life Sciences manufacturing plant in Fajardo, Puerto Rico  by 50%, creating 250 new jobs and investing over $50 million in construction, machinery and equipment.

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Pictured from left to right, Felix Diaz, President of Pall Global Life Sciences Operations; Eric Krasnoff,  Chairman and CEO of Pall Corporation; Hon. Anibal Acevedo-Vila, Governor of the Commonweath of Puerto Rico; and  Felix M. Negron, VP & General Manager Pall Life Sciences, Puerto Rico.

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Spanish Press Release

 Pall Corporation Expande Operaciones de Manufactura en Puerto Rico

PRIDCO Press Release

Pall to Expand Life Sciences Manufacturing in Puerto Rico

SAN JUAN, PR-- Pall Corporation, the global leader in filtration, separations and purification products for the biotechnology and pharmaceutical industries, will expand its Life Sciences manufacturing plant in Fajardo by 50%, creating 250 new jobs and investing over $50 million in construction, machinery and equipment.

The announcement was made today by the Hon. Aníbal Acevedo-Vilá, Governor of Puerto Rico, and Eric Krasnoff, Chairman and CEO of Pall Corporation, at the Pall Life Sciences Fajardo plant. The expansion in Puerto Rico is another step in Pall's standardization of its global manufacturing footprint. The expansion will make Puerto Rico the Life Sciences Center of Excellence to Pall’s global operations.
 
“Puerto Rico’s attractive business climate and strong commitment to developing biopharmaceutical manufacturing capability are key factors in bringing numerous drug and biotechnology companies to the island.  Expanding our operations in Puerto Rico is an important part of our strategic approach of aligning with customers worldwide and increasing production,” says Krasnoff.
 
According to Krasnoff, the planned establishment of a Life Sciences Center of Excellence will significantly expand Pall’s capacity on the island and enhance its ability to meet the increasing demand for its high quality technologies by the world’s leading pharmaceutical and biotechnology companies, blood centers and hospitals from Puerto Rico.

“We are extremely pleased by Pall’s decision to expand in Puerto Rico as it enables us to retain a preeminent supplier to the global biopharmaceutical manufacturing industry.  We will continue to work together to assure Pall’s welcome here as its presence is a critical component in helping us meet our roadmap goal of extending Puerto Rico capabilities across the entire life sciences value chain, “said Boris Jaskille, Executive Director of the Puerto Rico Industrial Development Company (PRIDCO).

According to Jaskille, Pall Life Sciences has an economic impact on the local economy of approximately $15 million annually for purchases of goods and services to local suppliers. Over $10.2 million are spent in the purchase of raw materials (plastics and packaging) to companies, such as Nypro, Tech Group, Marcoop, Flexible Packaging, Caribbean Pallets y Classic Molding. The company expects to increase in $4.7 million the purchase of raw materials to local suppliers. Pall Life Sciences also spends approximately $4.2 million annually in local services, such as validation, freighters, maintenance of facilities, professional consulting, among others.

The Pall Fajardo plant manufactures over 6,000 filtration systems for separation and purification products for biomedical, biotechnological, biopharmaceutical and industrial uses. Its products are most commonly used in the development of new drugs, pharmaceutical manufacturing processes, in blood filtration and intravenous treatments, and in the prevention, diagnosis and treatment of many medical conditions. Some of its major clients include Baxter, Amgen, Merck, Genentech, Wyeth and the American Red Cross. Apart from its operations in Puerto Rico, Pall has operations in the United States, Mexico, United Kingdom, France and Italy.

The Puerto Rico Industrial Development Company (PRIDCO) is a government-owned corporation dedicated to promoting Puerto Rico as an investment destination for companies and industries worldwide. Since its establishment in the 1950, PRIDCO has been responsible for attracting  over 6,000 manufacturing plants and creating more than 556,000  jobs throughout the island. PRIDCO continues to be a catalyst for Puerto Rico’s economic development, leading the transformation from a traditional industrial economy to an economy based on knowledge.  PRIDCO emphasizes on promoting industries with high intellectual content such as the life sciences, technology, computing and services that leverage on our people’s  extraordinary talent, experience and capacity for innovation.

Contact
Celeste Rexach
Telephone: (787) 758-4747 x 4141, 2210 ó 2330 / (939) 389-4501
Email: crexach@pridco.com