Current:Home > StocksWeight loss drug giant to build North Carolina plant to add 1,000 jobs -Thrive Capital Insights
Weight loss drug giant to build North Carolina plant to add 1,000 jobs
View
Date:2025-04-14 03:08:59
CLAYTON, 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! (3)
Related
- The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
- A Hong Kong pro-independence activist seeks asylum in the UK after serving time over security law
- AP PHOTOS: In Romania, hundreds dance in bear skins for festive ‘dancing bear festival’
- Venice is limiting tourist groups to 25 people starting in June to protect the popular lagoon city
- Senate begins final push to expand Social Security benefits for millions of people
- US citizen inspired by Hamas sought to wage jihad against ‘No. 1 enemy’ America, prosecutors say
- Rihanna and Kyle Richards Meet While Shopping in Aspen Just Before the New Year
- Taiwan’s presidential candidates emphasize peace in relations with Beijing
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Gypsy Rose marks prison release by sharing 'first selfie of freedom' on social media
Ranking
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- Mexico and Venezuela restart repatriation flights amid pressure to curb soaring migration to U.S.
- Prosecutors urge appeals court to reject Trump’s immunity claims in election subversion case
- Bacon bits: Wendy's confirms one cent Jr. Bacon Cheeseburger offer has limit
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- First edible mascot in sports history stars in the Pop-Tarts Bowl
- See the massive rogue wave that crashed into Ventura, California, sending 8 people to the hospital
- A popular asthma inhaler is leaving pharmacy shelves. Here's what you need to know
Recommendation
Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
Alex Murdaugh’s pursuit of a new murder trial is set for an evidentiary hearing next month
Mexico and Venezuela restart repatriation flights amid pressure to curb soaring migration to U.S.
Magnetic balls sold by Walmart recalled due to choking and injury risks to kids
Sam Taylor
Separatist Bosnian Serb leader Milorad Dodik vows to tear his country apart despite US warnings
A tumultuous last 2023 swing through New Hampshire for Nikki Haley
Paula Abdul accuses 'American Idol' producer of sexual assault