Military equipment maker in Guánica investing $25M in 2-year expansion
Point Blank Protective Apparel & Uniforms, LLC in the southwestern town of Guánica, will invest more than $25 million over the next two years to expand its operations, the company announced.
The company’s expansion and
investment also entails creating 550 permanent jobs and retaining 550 workers
for a total of 1,110 jobs, over a three-year period.
“This year is starting off
with good news for Puerto Rico, because many of the efforts that have been
underway in recent months to promote investment in local and international
capital in various sectors of the Puerto Rican economy are starting to
materialize,” said Gov. Ricardo Rosselló during a visit to the plant.
“The best reward we can
receive from companies like Point Blank is to trust Puerto Rico when expanding
its offerings and trust the skilled workforce that our island has to offer,” he
Point Blank LLC is a company
dedicated to the manufacture of protective clothing, uniforms and accessories.
It describes itself as a global leader for more than 40 years in the development,
production and distribution of armor.
“Point Blank acquired
certain assets of Short Bark Industries Inc. in October 2017, after seeking
bankruptcy protection in July of that year. With the acquisition of the SBI operations,
jobs were safe and there were no layoffs,” Department of Economic Development
and Commerce Secretary Manuel A. Laboy said.
“Now Point Blank, relying on Puerto
Rico’s investment climate, expands its operations in the town of Guánica and
soon in San Germán with the help of the Puerto Rico Industrial Development Company
and FirstBank of Puerto Rico,” he said.
“This will benefit the
workforce in the southwestern region of Puerto Rico and economic development in
this important area of the island,” he said.
Meanwhile Point Blank COO Paulo
Motoki said “the ongoing support of the government and the mayors of Guánica
and San Germán are contributing to our expansion and commitment to these
municipalities and Puerto Rico. We expect a bright future for Point Blank in