Current:Home > ContactOn eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there -Excel Wealth Summit
On eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there
View
Date:2025-04-11 20:11:41
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! (88277)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Courts could see a wave of election lawsuits, but experts say the bar to change the outcome is high
- Where are the voters who could decide the presidential election?
- Judge declines bid by New Hampshire parents to protest transgender players at school soccer games
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Colleen Hoover's 'Reminders of Him' is getting a movie adaptation: Reports
- Who is Jeff Ulbrich? New York Jets name DC interim head coach
- Not all elections look the same. Here are some of the different ways states run their voting
- A South Texas lawmaker’s 15
- Allyson Felix launches women-focused sports management firm
Ranking
- Trump's 'stop
- EPA reaches $4.2M settlement over 2019 explosion, fire at major Philadelphia refinery
- Trump calls Maine Gov. Janet Mills a man in a mistake-riddled call to supporters, newspaper reports
- Autopsy reveals cause of death for pregnant teen found slain in Georgia woods this summer
- Average rate on 30
- The Flaming Lips Drummer Steven Drozd’s 16-Year-Old Daughter is Missing
- If the polls just closed, how can AP already declare a winner?
- Love Is Blind's Amber Pike and Matt Barnett Expecting First Baby
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Shop Amazon's October Prime Day 2024 Best Kitchen Deals & Save Up to 78% on KitchenAid, Ninja & More
Tennessee nurse and his dog die trying to save man from Hurricane Helene floods
Angel Dreamer Wealth Society: Empowering the Future, Together with Angel Dreamer
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Investigation finds widespread discrimination against Section 8 tenants in California
Some East Palestine derailment settlement payments should go out even during appeal of the deal
Who is Jeff Ulbrich? New York Jets name DC interim head coach