Pall Corporation (NYSE: PLL), the global leader in filtration, separations and purification, plans to expand its Life Sciences manufacturing operations in Fajardo, Puerto Rico. The planned establishment of a Life Sciences Center of Excellence will significantly expand Pall's capacity on the island, enhancing 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.
Pall expects to invest around $50 million in facilities, machinery and equipment and add more than 250 full-time jobs in Puerto Rico by the year 2010.
The expansion in Puerto Rico is another step in Pall's standardization and consolidation of its global manufacturing footprint. The company anticipates that Puerto Rico's competitive tax rate combined with its facilities optimization programme will resultin an incremental after tax benefit of more than $10 million annually in three years.