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Patheon To Drop Puerto Rico Plant

Canadian drug maker to consolidate its Puerto Rico operations into one site, and will ultimately close or sell its plant in the central city of Caguas.

SAN JUAN, Puerto Rico (AP) -- Canadian drug manufacturer Patheon Inc. says it will consolidate its Puerto Rico operations into one site in the north coast town of Manati.

A statement from the contract pharmaceutical company says Patheon will ultimately close or sell its plant in the central city of Caguas.

CEO Wes Wheeler says the company is developing plans to offer Caguas employees positions at the Manati site.

Company spokeswoman Wendy William said Friday that the consolidation should be completed at the end of fiscal year 2011. She could not speculate on possible layoffs.

Puerto Rico has been a pharmaceuticals hub for decades, although the closure of several plants in recent years has aggravated the island's recession.

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