Current:Home > InvestOn eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there -Zenith Investment School
On eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there
View
Date:2025-04-16 14:52:00
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! (8195)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Judge says $475,000 award in New Hampshire youth center abuse case would be ‘miscarriage of justice’
- Get 50% Off Old Navy, 60% Off Fenty Beauty, 70% Off Anthropologie, 70% Off Madewell & Memorial Day Deals
- Closed casino hotels in Mississippi could house unaccompanied migrant children
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- US government to give $75 million to South Korean company for Georgia computer chip part factory
- NCAA, leagues sign off on $2.8 billion plan, setting stage for dramatic change across college sports
- Rodeo star Spencer Wright holding onto hope after 3-year-old son found unconscious in water a mile from home
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- NBA great Dwyane Wade launches Translatable, an online community supporting transgender youth
Ranking
- Bodycam footage shows high
- White House state dinner features stunning DC views, knockout menu and celebrity star power
- Kelly Rowland Breaks Silence on Cannes Red Carpet Clash
- New Zealand man filmed trying to body slam killer whale in shocking and stupid incident
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Negro Leagues Museum unveils 24-foot-tall Satchel Paige card ahead of MLB Rickwood Field game
- Singapore Airlines passenger says it was chaos as extreme turbulence hit flight with no warning
- Arizona doctors can come to California to perform abortions under new law signed by Gov. Newsom
Recommendation
Trump wants to turn the clock on daylight saving time
Singapore Airlines passenger says it was chaos as extreme turbulence hit flight with no warning
Men's College World Series champions, year-by-year
Rapper Sean Kingston’s home raided by SWAT; mother arrested on fraud and theft charges
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Fate of Missouri man imprisoned for more than 30 years is now in the hands of a judge
Man is found fit to go on trial in attacks that killed 4 in Rockford, Illinois
LMPD releases Scottie Scheffler incident arrest videos, dash-cam footage