Current:Home > ScamsWeight loss drug giant to build North Carolina plant to add 1,000 jobs -FutureWise Finance
Weight loss drug giant to build North Carolina plant to add 1,000 jobs
View
Date:2025-04-16 20:02:33
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! (295)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- AP Week in Pictures: North America
- Building partially collapses in southern Russia, sparking search for any trapped survivors
- Aid to Gaza halted with communications down for a second day, as food and water supplies dwindle
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Cutting a teaspoon of salt is comparable to taking blood pressure medication
- Dana Carvey’s Son Dex Carvey Dead at 32
- NFL Week 11 picks: Eagles or Chiefs in Super Bowl 57 rematch?
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Kansas quarterback Jalon Daniels is likely out for season but plans return in 2024
Ranking
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Andrea Kremer, Tracy Wolfson, other sports journalists criticize Charissa Thompson
- 'Laguna Beach' star Stephen Colletti gets engaged to reporter Alex Weaver: 'Yes! Forever'
- Sister Wives' Meri Brown Reveals Why She Went Public With Kody Brown Breakup
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Why Mariah Carey Doesn’t Have a Driver’s License
- Teacher, assistant principal charged in paddling of elementary school student
- The judge in Trump’s Georgia election case limits the disclosure of evidence after videos’ release
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Texas A&M football needs to realize there are some things money can't buy
Texas jury convicts woman of fatally shooting cyclist Anna “Mo” Wilson in jealous rage
New details emerge from autopsy of man ‘ran over’ by police SUV, buried in pauper's grave
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Boston public transit says $24.5 billion needed for repairs
How do cheap cell phone plans make money? And other questions
Will Captain Sandy Yawn Get Married on Below Deck Mediterranean? She Says...