Current:Home > InvestOn eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there -Edge Finance Strategies
On eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there
View
Date:2025-04-15 20:42:40
RALEIGH, N.C. (AP) — Hours before the Japanese prime minister’s arrival in North Carolina, a subsidiary of Japan’s Fujifilm Corp. announced Thursday plans to expand further a massive biopharmaceutical manufacturing plant in the state, even as the initial phase is not yet complete, promising another 680 jobs.
Gov. Roy Cooper joined a company executive and local government leaders in unveiling an additional $1.2 billion investment in Holly Springs, where Fujifilm Diosynth Biotechnologies is currently building what is billed as one of the world’s largest cell culture facilities. The new jobs are on top of the 725 announced by the subsidiary when the initial $2 billion investment was announced in March 2021.
The first phase of the plant is expected to open next year, with the expansion coming online early in 2028, Lars Petersen, the subsidiary’s president and CEO, told reporters. The batch of jobs announced Thursday will be created starting in 2027 and pay an average minimum wage of nearly $110,000, according to state officials.
Fujifilm Diosynth Biotechnologies, which manufactures drugs and vaccines for other pharmaceutical companies, already has a campus in nearby Research Triangle Park where it employs several hundred people.
Cooper said the expansion is the result of the state’s commitment to become the nation’s leader in life sciences, which he says statewide includes over 800 companies employing over 75,000 skilled workers.
“It’s pretty clear that North Carolina has become an advanced manufacturing powerhouse,” Cooper said at the announcement in downtown Raleigh, less than 20 miles (32 kilometers) northeast of Holly Springs.
The news conference also celebrated another capital injection by a Japanese corporate giant into North Carolina as Prime Minister Fumio Kishida prepared to arrive in the state late Thursday.
Kishida’s schedule on Friday includes visiting the Greensboro headquarters of Honda Aircraft Corp. and where Toyota Motor Corp. is building its first North American electric and hybrid battery plant in Randolph County. Kishida’s U.S. visit already has included addressing a joint session of Congress and attending a White House state dinner.
“This is a state where our ties with Japan are growing, and we want to celebrate the economic, academic and cultural ties,” said Cooper, who will also host a luncheon for the prime minister on Friday at the governor’s mansion.
Fujifilm considered making what became Thursday’s investment in Singapore, as well as near its existing facilities in Denmark and in Ventura County, California, according to a state Commerce Department document.
State officials said the company could receive potentially more than $72 million in state and local incentives. A state committee earlier Thursday agreed to award nearly $15 million of those incentives through cash payments over 12 years if the company meets job retention and investment thresholds. The company also received an incentive package in 2021.
The new investment in Holly Springs, which will include additional bioreactors, will meet the growing demand for biological medicines, benefitting oncology, immunology and pandemic preparedness, Petersen said. Fujifilm Diosynth Biotechnologies worked with Novavax to produce a COVID-19 vaccine.
veryGood! (7428)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Tesla car recalls 2023: Check the full list of vehicle models recalled this year
- Afraid your apartment building may collapse? Here are signs experts say to watch out for.
- Kansas courts’ computer systems are starting to come back online, 2 months after cyberattack
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- What women want (to invest in)
- Starbucks debuts limited-time Merry Mint White Mocha for the holidays
- Does driving or grocery shopping make you anxious? Your eyes may be the problem.
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Argentina announces a 50% devaluation of its currency as part of shock economic measures
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- 515 injured in a Beijing rail collision as heavy snow hits the Chinese capital
- Fertility doctor secretly inseminated woman with his own sperm decades ago, lawsuit says
- The Excerpt podcast: House Republicans authorize Biden impeachment investigation
- Military service academies see drop in reported sexual assaults after alarming surge
- The U.S. is unprepared for the growing threat of mosquito- and tick-borne viruses
- 'The Crown' fact check: How did Will and Kate meet? Did the queen want to abdicate throne?
- The Sweet Way Kourtney Kardashian and Travis Barker Are Incorporating Son Rocky Into Holiday Traditions
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Pandemic relief funding for the arts was 'staggering'
Women's college volleyball to follow breakout season with nationally televised event on Fox
Minnesota man reaches plea deal for his role in fatal carjacking in Minneapolis
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
You'll Royally Obsess Over These 18 Gifts for Fans of The Crown
Supreme Court leaves Illinois assault weapons ban in place
Top Polish leaders celebrate Hanukkah in parliament after antisemitic incident