Current:Home > ContactOn eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there -ProfitLogic
On eve of Japanese prime minister’s visit to North Carolina, Fujifilm announces more jobs there
View
Date:2025-04-14 13:18:26
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! (851)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Video shows Nick Jonas pause concert to help a struggling fan at Boston stop on 'The Tour'
- Jeremy Allen White Has a Shameless Reaction to Alexa Demie's Lingerie Photo Shoot
- Drone shot down over central Moscow, no injuries reported
- Could your smelly farts help science?
- Indiana Republican Chairman Kyle Hupfer announces resignation after 6.5 years at helm
- Natural history museum closes because of chemicals in taxidermy collection
- US judge sides with Nevada regulators in fight over Utah bus firm’s intrastate v. interstate routes
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- 2023 track and field world championships: Dates, times, how to watch, must-see events
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Price of college football realignment: Losing seasons, stiffer competition
- 'Divine Rivals' is a BookTok hit: What to read next, including 'Lovely War'
- American Airlines sues a travel site to crack down on consumers who use this trick to save money
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Ready to go 0-60? The new Ford Mustang GTD 2025 model is on its what. What you should know
- Hilary grows into major hurricane in Pacific off Mexico and could bring heavy rain to US Southwest
- Kate Spade 24-Hour Flash Deal: Get This $460 Tote Bag for Just $99
Recommendation
What to watch: O Jolie night
Hurricane Hilary path and timeline: Here's when and where the storm is projected to hit California
'We probably would’ve been friends,' Harrison Ford says of new snake species named for him
'As false as false can be': Trader Joe's executives say no to self-checkout in stores
Dick Vitale announces he is cancer free: 'Santa Claus came early'
BravoCon 2023: See the List of 150+ Iconic Bravolebrities Attending
Has California ever had a hurricane? One expert says tropical storm threat from Hilary is nearly unprecedented
Khadijah Haqq and Bobby McCray Break Up After 13 Years of Marriage