Current:Home > ScamsFastexy Exchange|Weight loss drug giant to build North Carolina plant to add 1,000 jobs -WealthMindset Learning
Fastexy Exchange|Weight loss drug giant to build North Carolina plant to add 1,000 jobs
SignalHub Quantitative Think Tank Center View
Date:2025-04-10 10:01:37
CLAYTON,Fastexy Exchange N.C. (AP) — Novo Nordisk, the maker of Ozempic and Wegovy, announced on Monday that it plans to add 1,000 jobs when another company manufacturing plant is built in a suburb of North Carolina’s capital to expand production of the very popular weight loss and diabetes medicines, as well as other treatments.
The Danish-based company said it will invest $4.1 billion on the new facility in Clayton. The 1.4 million square-foot (130,000 square-meter) production space for manufacturing and finishing processes would double the combined space that Novo Nordisk already has at its three plants in the Raleigh-Durham area, news outlets reported. It employs nearly 2,500 workers in the region.
The announcement would mark the largest life sciences investment in state history, said Christopher Chung, CEO of the Economic Development Partnership of North Carolina, the state’s independent nonprofit recruiting organization. The average salary for the new positions will be $70,000, which is above Johnston County’s average of $50,605, the partnership said in a news release.
The future production site, with construction to be completed in phases between 2027 and 2029, will be able to make multiple treatments, the company said. Novo Nordisk has been best known for making insulin to treat diabetes.
“The importance of this facility we’re making is ensuring that we are flexible to both produce weight-loss products but also other chronic diseases,” Novo Nordisk vice president Niels Laurbjerg Nielsen said.
Novo Nordisk opened over 30 years ago its first facility in Clayton, which is about 20 miles (32 kilometers) southeast of Raleigh. The drugmaker announced in 2015 plans to double facility space in Johnston County. That work was completed in 2020 and marked the company’s first facility outside of Denmark to manufacture active drugs.
The Johnston County commissioners approved incentives for the project on Monday before the company’s public announcement. The company would receive cash grants equivalent to a percentage of property tax if it meets investment goals.
veryGood! (111)
Related
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- Paul Auster, prolific and experimental man of letters and filmmaker, dies at 77
- Walnuts sold at Whole Foods and other grocers recalled after E. coli outbreak sickens 12
- Nick Cannon and Mariah Carey’s Twins Look All Grown Up on 13th Birthday
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Paul Auster, prolific and experimental man of letters and filmmaker, dies at 77
- Slipknot announces Here Comes the Pain concert tour, return of Knotfest: How to get tickets
- African nation threatens Apple with legal action over alleged blood minerals in its gadgets
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- Employer of visiting nurse who was killed didn’t protect her and should be fined, safety agency says
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Florida Says No to Federal Funding Aimed at Greenhouse Gas Emissions
- Walmart will close all 51 of its health centers: See full list of locations
- Dance Moms' JoJo Siwa and Kalani Hilliker Reveal Why They’re Still Close to Abby Lee Miller
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Student protesters reach a deal with Northwestern University that sparks criticism from all sides
- WNBA ticket sales on StubHub are up 93%. Aces, Caitlin Clark and returning stars fuel rise
- Get Free IT Cosmetics Skincare & Makeup, 65% Off Good American, $400 Off iRobot & More Deals
Recommendation
Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
'Harry Potter' star Daniel Radcliffe says J.K. Rowling’s anti-Trans views make him 'sad'
Ford recalls over 240,000 Maverick pickups due to tail lights that fail to illuminate
Is pot legal now? Despite big marijuana news, it's still in legal limbo.
The White House is cracking down on overdraft fees
This Texas veterinarian helped crack the mystery of bird flu in cows
Is Lyme disease curable? Here's what you should know about tick bites and symptoms.
Maryland approves more than $3M for a man wrongly imprisoned for murder for three decades