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Curtis Industries takes lease

WORCESTER - Glickman Kovago & Co. has brokered a lease agreement for Curtis Industries LLC to take 17,500 square feet from Vellumoid Inc. at 54 Rockdale St. Vellumoid Inc. manufactures and distributes die cut gaskets and gasketing materials for automotive original equipment manufacturers, automotive aftermarket, heavy truck and off-road vehicles, and small engine manufacturers and rebuilders. Curtis Industries is a designer and manufacturer of cabs for tractors and utility vehicles, as well as snowplows for pickup trucks, tractors and loaders. Jeff Borus handled the transaction.

Pharmaceutical plant closes

SAN JUAN, Puerto Rico - Drug maker Bristol-Myers Squibb Co. will close a plant in the city of Barceloneta, adding to pharmaceutical industry cutbacks in the U.S. island territory.

Bristol-Myers said it would gradually close the plant in the northern city over the next 12 months, eliminating about 225 jobs.

In its announcement, the company cited reduced demand for the products produced at the plant, which include two AIDS treatments and an antibiotic, and a general need to cut manufacturing costs.

Bristol-Myers said it would continue to operate two other plants in the Puerto Rican cities of Humacao and Manati.

In October, the company announced the closure of a plant in the western city of Mayaguez that manufactures heart disease and diabetes medicine, eliminating about 400 jobs.

Drug companies have cut more than 3,000 jobs over the past 18 months in Puerto Rico, long a global hub of pharmaceutical manufacturing.
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Title Annotation:BUSINESS
Publication:Telegram & Gazette (Worcester, MA)
Date:Jan 22, 2008
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