Current:Home > reviewsOn eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there -Wealth Empowerment Zone
On eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there
View
Date:2025-04-15 06:20:32
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! (1715)
Related
- US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
- International buyers are going for fewer homes in the US. Where are they shopping?
- US economy likely generated 200,000 new jobs in July, showing more resilience in face of rate hikes
- LA's plan to solve homelessness has moved thousands off the streets. But is it working?
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Don't overbuy: Here are items you don't need for your college dorm room
- What's Next for Meghan Markle and Prince Harry Amid Royal Family Estrangement and Business Shake-Ups
- Jailed Russian opposition leader Alexey Navalny braces for verdict in latest trial
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Mega Millions players will have another chance on Friday night to win a $1.25 billion jackpot
Ranking
- Small twin
- Shortness of breath can be a scary thing. How to tell if anxiety is to blame.
- Why Taylor Swift Says She Trusts Suki Waterhouse to Keep Any Secret
- Authorities to announce new break in long investigation of Gilgo Beach killings
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- Bachelor Nation's Amanda Stanton Is Pregnant, Expecting First Baby With Husband Michael Fogel
- Family mistakenly held at gunpoint by Texas police say the stop traumatized the kids in the car
- A World War II warship will dock in three US cities and you can explore it. Here's how and where
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Trump's day in court, an unusual proceeding before an unusual audience
Justin Jones and Justin Pearson, expelled Tennessee House members, win back seats
Freddie Mercury's beloved piano, Queen song drafts, personal items on display before auction
Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
Otter attacks three women floating on inner tubes in Montana’s Jefferson River
Judge rejects attempt to temporarily block Connecticut’s landmark gun law passed after Sandy Hook
Deadly blast destroys New Jersey home: 2 dead, 2 missing and 2 juveniles hospitalized