chloride polyethylene polypropylene founded 1962 1 founder salvador vassallo headquarters ponce puerto rico area served puerto rico caribbean united states mexico south america key people salvador vassallo chairman & ceo ; rafael v. vassallo collazo 2 president products plastic pipes sanitary household number of employees 300 2008 website http vassalloindustries.com industrias vassallo inc. is a big producer of pvc injection moulded and extruded goods 3 and manufacturer and distributor of pvc pipes and accessories related plastics products and resin furniture . the company is located in barrio coto laurel in ponce puerto rico . 4 in 2004 the company had a workforce of 300 employees and revenues of 51m usd . 5 its president is rafael vassallo . 6 salvador vassallo was the company s ceo and president until his death in 2007 . contents 1 history 2 growth 3 diversification 4 certifications 5 reorganization 6 references 7 see also history edit in 1962 the four grandsons of vicente vassallo fiorimonte an italian immigrant who established a metal shop in ponce puerto rico in 1898 began experimenting with making construction products from a promising new substance polyvinyl chloride or pvc . with and initial investment of 3 000 their decision to start manufacturing products with polyvinyl chloride pvc lead to the creation of a purely puerto rican company that has subsequently was quite successful in the plastics industry . 7 growth edit in the last 50 years industrias vassallo inc. was a pioneer in the production and distribution of pvc pipes and accessories for water and sanitary use . 8 the company grew distributing its products to countries in central and south america the caribbean basin the united states and canada . 9 following their success of pvc pipe in the construction industry the company established operations in the united states during the 1970s . at the same time the company began export to central and south america canada mexico and the caribbean islands . 10 in 1989 industrias vassallo inc. consolidated its operations into a new 250 000 square foot 23 000 m2 industrial complex facility located in barrio coto laurel on the outskirts of ponce puerto rico . 11 in 1997 industrias vassallo inc. engaged in the modernization of their plants inaugurating a new rotomolding plant . the new unit made it possible to process up to 100 000 lbs of polyethylene per week . polyethylene is a high impact plastic used for diverse products such as water tanks security barriers kayaks and flowerpots . in 2004 industrias vassallo acquired syroco incorporated a company founded by adolph holstein in the late 19th century . industrias vassallo took over the plants and assets in baldwinsville ark . corona calif. and two in new york state near syracuse . 12 in 2005 and due to the increasing cost of electricity the company considered moving its operations to the united states but the plans were abandoned after successful negotiations with the commonwealth government . 13 despite the optimism in acquiring syroco the company had to develop a production strategy that would reduce expenses such as electricity cost . due to the high cost of electricity in puerto rico versus arkansas usa vassallo saw a savings the company between 10 and 13 cents per kilowatt in energy bills . as a result ultimately the company moved all of its production facilities to the united states and by 2011 its manufacturing facilities in coto laurel ponce were being rented out to a college named caribbean university . the company does continue to have a presence in coto laurel where it maintains its corporate offices . 14 diversification edit from manufacturing and distribution of plastic pipe and accessories for sanitary and electrical applications the company diversified into plastic furniture and accessories for household use . the company manufactures products of diverse plastic materials among them polyvinyl chloride pvc polyethylene and polypropylene . 15 in 1983 the company established vassallo research & development corporation to fill its r & d needs and further enhance its product line . the company now holds scores of world wide patents and is constantly developing new processes and products . many have set national regulatory quality standards for the industry . 16 certifications edit industrias vassallo inc. manufactures as per the specifications established by the american society for testing and materials astm agency . the company is also certified by recognized regulatory agencies such as the american water works association awwa the canadian standards association csa the national sanitary foundation nsf factory mutual fm and underwriters laboratories ul . 17 reorganization edit the acquisition of a company in arkansas turned to be a bad investment for the company . in 2008 vassallo industries had to reorganize under chapter 11 bankruptcy resulting mostly from failures at the arkansas operation . upon reorganization a new company was created on august 26 2010 vassallo international group inc. vingi with rafael vassallo collazo as its president . 18 references edit industrias vassallo . industry today . vol 9 . issue 1 . retrieved 7 january 2012 . realiza nombramientos para junta de puerto de ponce . el vocero . 14 january 2014 . retrieved 4 april 2014 . worldwide leader company website university of turabo vassallo industries reconsiders move website history university of turabo university of turabo university of turabo website industrias vassallo . industry today . vol 9 . issue 1 . retrieved 7 january 2012 . vassallo industries reconsiders move industrias vassallo . industry today . vol 9 . issue 1 . retrieved 7 january 2012 . university of turabo website website periodico la perla del sur . se reinventan las industrias vassallo . by reinaldo milan . august 30 2010 . coordinates 18 2 1.97 n 66 32 55.93 w 18.0338806 n 66.5488694 w 18.0338806 ; 66.5488694 see also edit salvador vassallo ponce puerto rico retrieved from https en.wikipedia.org w index.php title industrias vassallo & oldid 735018713 categories companies based in ponce puerto ricoprivately held companies of puerto ricopuerto rican brands1962 establishments in puerto ricohidden categories pages using infobox company with unsupported parameterscoordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 august 2016 at 04 45 . text is available under the creative commons attribution sharealike license 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