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J&J to Invest $2 Billion to Boost US Manufacturing
Johnson & Johnson's $2 billion investment includes creating about 120 jobs and is part of a $55 billion US manufacturing expansion amid proposed drug import tariffs.
- On Thursday, Johnson & Johnson announced a $2 billion investment to operate a 160,000-square-foot facility at Fujifilm's Holly Springs, North Carolina hub.
- Earlier this year, J&J announced its $55 billion programme to boost US manufacturing, responding to tariff threats from President Donald Trump of duties up to 250%.
- J&J said it reached a 10-year agreement with Tokyo-based Fujifilm Diosynth for a more than 160,000-square-foot facility in Holly Springs, North Carolina, creating about 120 jobs with a $2 billion investment over ten years.
- Construction has begun in Wilson, North Carolina, about 85km east of Holly Springs, and will create over 5,000 construction jobs plus employ more than 500 people when operational.
- J&J said in the coming months it will disclose plans for additional US facilities and expansions, while peers Eli Lilly, AstraZeneca, and Roche commit billions, though economist Michael Szanto warns reshoring will be gradual.
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Johnson & Johnson investing $2B in US manufacturing, creating new jobs
Johnson & Johnson is investing $2 billion to expand a North Carolina manufacturing facility as part of a broader initiative toward onshore biopharmaceutical manufacturing and expand the pipeline of available medicines in the U.S. The company will spend the money over a 10-year period to operate a 160,000-square-foot dedicated manufacturing facility at Fujifilm's new biopharmaceutical manufacturing site in Holly Springs to expand its U.S. manufac…
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Total News Sources19
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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