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Latino Daily News

Sunday January 19, 2014

Puerto Rican Can Manufacturing Company Receives $60 Million Investment

Puerto Rican Can Manufacturing Company Receives $60 Million Investment

Photo: Caribbean Can Manufacturing Company

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Some $60 million was invested in an aluminum can plant in Cidra, Puerto Rico, that will export its products to the United States, Jamaica, the Dominican Republic and other countries in the region, investors said.

Caribbean Can Manufacturing Company’s plant covers 165,000 sq. meters (1.7 million sq. feet) and created 75 direct jobs, as well as 120 indirect jobs during the construction phase.

The plant produces cans for different beer and soft drink brands, Caribbean Can Manufacturing Company, which is owned by Puerto Rican investors, said in a statement.

The Cidra plant has the capacity to produce 1,800 cans per minute, or about 650 million units annually, Caribbean Can Manufacturing Company said.

The plant will produce cans for the Puerto Rican market, but it will also export aluminum cans to other markets in Latin America and to the United States.

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