Maria Cidre announced the expansion of Los Cidrines’ manufacturing plant
In the midst of the pandemic, and with the support of the Puerto Rican community living in the United States, Los Cidrines announced the expansion of its manufacturing plant in Arecibo today, located in the Zeno Gandía industrial sector, at a cost of $ 3 million, which will allow it to employ 50 additional people.
The President of Los Cidrines, Mari Cidre, highlighted that “it is with great pride that today we can say that our sobao bread is available in 44 states nationwide and in over 3,000 points of sale. The sponsorship of Puerto Ricans both in Puerto Rico and the United States is what has made this possible. The support of the Industrial Development Company in Puerto Rico has been the key to continue expanding our offer and to reach new markets with more variety of products ”.
The expansion of the business required the acquisition of new equipment and machinery that will allow the company to increase its production and expand its offer for export.This will help more customers to get their favorite product in markets in the United States, as well as the British Virgin Islands, North America and the Caribbean.
The effort required the help of the Department of Economic Development and Commerce (DDEC), and the Board of the Industrial Development Company for the approval of incentives that facilitated the expansion project, as well as a subsidy of the costs of maritime land transportation in products exported in a period of five years.
“During the past three years and 10 months, we have helped multiple Puerto Rican companies in their expansion process to supply their clients, both in Puerto Rico and in the United States,” said the secretary of the DDEC, Manuel Laboy. “We are proud of the products that our entrepreneurs produce on the Island and we will continue working as a team to be facilitators in the arduous process of undertaking ”.
The Secretary highlighted that his agency is committed to Puerto Rican business-people in support of investment and expansion of those who trust the island for the full development of their businesses. “An example of this is Cidrines, a family bakery and confectionery manufacturing operation established in Puerto Rico in 1978, with constant expansion and incursion in other markets outside the Island. The success of our local entrepreneurs is a triumph of the working people. With this expansion, 50 workers will be employed in the next 36 months and their investment was approximately $ 3 million ”, he added.
