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Torcon Opens In P.R.
Construction Manager To Handle $200 Million In Contracts; Working On Local Wyeth And Johnson & Johnson Projects
By MARIALBA MARTINEZ
March 27, 2003
Torcon Inc., which currently manages nearly $200 million in construction contracts for pharmaceutical corporations on the island, inaugurated its local headquarters on Wednesday.
"Established in Puerto Rico in 1998, our first project was for Wyeth in Carolina," said Frank Fossella, Torcon vice president. "Past projects include Juncos Amgen, Manatis Schering-Plough, and two projects for Merck in Barceloneta."
Torcons comprehensive management services include production-area expansions, utility upgrades, tank farms, new manufacturing construction, and validation. Torcon General Manager Bob McAllister and a team of 40 employees will handle the local operation from Guaynabos M Metro Office Park.
The company is currently in the initial stages of remodeling Johnson & Johnsons pharmaceutical manufacturing plants administrative facilities in Manati. In addition, the company is winding down on Wyeth Carolinas master plan, which entailed a $100 million upgrade to all their manufacturing operations.
"When the company was founded 30 years ago, most of our work was in the New York / New Jersey metro area," said Fossella. "For the past 15 years, it has branched out to Ohio, Florida, Tennessee, Georgia, and Connecticut, until arriving in Puerto Rico in 1998. Torcon is a private construction company with an annual volume in excess of $400 million and an average yearly increase of 15%."
Regarding the effects of war on future contracts, Fossella said, "It is too early to tell what the effects will be, but it hasnt affected us so far. We have maintained a fairly steady income through the 2002 economic recession. Our secret is to diversify. Approximately 65% of our contracts are in the pharmaceutical industry, but we are also involved in healthcare, education, and airport projects. Usually, the economy doesnt affect all of them at once."
This Caribbean Business article appears courtesy of Casiano Communications.