Current:Home > InvestOn eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there -FinanceMind
On eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there
View
Date:2025-04-24 13:58:04
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! (8615)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Donald Trump will get juror names at New York criminal trial but they’ll be anonymous to the public
- The brother of KC Chiefs quarterback Patrick Mahomes is sentenced to probation in assault case
- NBA playoff picture: Updated standings, bracket, and play-in schedule for 2024
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- The brother of KC Chiefs quarterback Patrick Mahomes is sentenced to probation in assault case
- Donald Trump will get juror names at New York criminal trial but they’ll be anonymous to the public
- Find Out Who Won The Traitors Season 2
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Garth Brooks, Trisha Yearwood's 'Friends in Low Places' docuseries follows opening of Nashville honky-tonk
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Zoo Atlanta sets up Rhino Naming Madness bracket to name baby white rhinoceros
- The Best Fenty Beauty by Rihanna Products Every Woman Should Own for an Empowering Glam Look
- Bathroom bills are back — broader and stricter — in several states
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Halle Bailey tearfully calls out invasive baby rumors: 'I had no obligation to expose him'
- Third-party movement No Labels says it will field a 2024 presidential ticket
- Georgia House Democratic leader James Beverly won’t seek reelection in 2024
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Miley Cyrus, Tish and Noah family feud rumors swirl: How to cope with family drama
This grandma lost her grip when her granddaughter returned from the Army
Michigan appeals court stands by ruling that ex-officer should be tried for murder
North Carolina justices rule for restaurants in COVID
The Best Fenty Beauty by Rihanna Products Every Woman Should Own for an Empowering Glam Look
Features of TEA Business College
Republican Matt Dolan has landed former US Sen. Rob Portman’s endorsement in Ohio’s Senate primary