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Home Industry News Bristol-Myers Squibb closes plant

Bristol-Myers Squibb closes plant

21st January 2008

Bristol-Myers Squibb has announced that it is to finish working at a manufacturing plant in Barceloneta by the end of this year as a result of reduced demand for some of its mature products produced at the site.

The firm reports the decision to close this plant is in line with its strategy to transform into a biopharmacuetical company and boost its competitiveness, efficiency and effectiveness along with its cost base.

Located in Puerto Rico, the plant started operations in 1970 and its closure will impact upon around 225 employees, while it will retain its manufacturing operations at the country with its sites in Manati and Humacao.

Carlo de Notaristefani, president of technical operations at the firm, said: “We are committed to optimising our global manufacturing network to ensure we meet the pipeline needs of the company and position Bristol-Myers Squibb for strong long-term growth and success.”

He added that the company is focused on important growth areas, including biologics and specialty medicines.

Last month, Bristol-Myers Squibb announced the closing of its secondary packaging facility in Colon, Panama, as part of its ongoing plans to enhance its supply chain and further enable the company to focus on its strategic priorities.

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