Este informe no está disponible en español.
Star Kist Bought By Pridco For $4 Million
BY MARIALBA MARTINEZ
May 2, 2002
The Puerto Rico Industrial Development Co. (Pridco) will buy Star Kist Caribes closed tuna operation plant in Mayaguez for $4 million, said Economic Development & Commerce Secretary Ramon Cantero Frau.
"Negotiations have been on-going with Philadelphia-based H. J. Heinz Co.s Star Kist Foods Inc., the tuna plants parent company. We have now reached an agreement to buy the plants 16 acres at the appraised purchase price of $4 million. This number does not include the buildings or infrastructure," said Cantero.
Star Kist closed its tuna operations on May 15, 2001 citing high labor and transportation costs, plus increasing competition in the tuna industry. The move left approximately 1,300 workers unemployed in the Mayaguez area.
Star Kists parking facilities were leased from the Ports Authority and Pridco owned part of the dock and waterfront area. Current tenant Impress Metal Packaging, which supplies Star Kists plants in South America and Bumble Bee Tuna with metal cans, will continue to operate from the site.
"We are considering a number of proposals for this property and the agency has already been approached by a ferry operator and other businesses. We will consider economic development proposals that create the largest number of jobs or make the best use of the land," said Cantero Frau.
This Caribbean Business article appears courtesy of Casiano Communications.