GLOBAL ECONOMY

Adding to economic woes, Procter & Gamble to close Puerto Rico manufacturing plant

FILE - This Aug. 2, 2010, file photo, shows the Procter & Gamble Co. headquarters building in Cincinnati. Procter & Gamble took a hit from the strong dollar, like almost all U.S. companies with business overseas, pushing third-quarter revenue below expectations, the company reported Thursday, April 23, 2015. (AP Photo/Al Behrman, File)

FILE - This Aug. 2, 2010, file photo, shows the Procter & Gamble Co. headquarters building in Cincinnati. Procter & Gamble took a hit from the strong dollar, like almost all U.S. companies with business overseas, pushing third-quarter revenue below expectations, the company reported Thursday, April 23, 2015. (AP Photo/Al Behrman, File)  ((AP Photo/Al Behrman, File))

Procter & Gamble Co. says it is closing a manufacturing plant in Puerto Rico and laying off some 230 employees.

A company statement Friday says the plant in the southern town of Cayey will close in the next nine to 12 months. Officials said the company will move operations to a plant in North Carolina as part of an overall restructuring.

Procter & Gamble manufactures Olay skin care products at the Cayey plant, which it bought in 1985.

The announcement comes as the U.S. territory pushes to diversity its manufacturing sector amid an economic crisis that has seen several plants close in recent years.

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