Current:Home > FinanceWeight loss drug giant to build North Carolina plant to add 1,000 jobs -Prosperity Pathways
Weight loss drug giant to build North Carolina plant to add 1,000 jobs
View
Date:2025-04-27 17:42:51
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! (576)
Related
- Current, future North Carolina governor’s challenge of power
- Inside Clean Energy: Solar Industry Wins Big in Kentucky Ruling
- Intel co-founder and philanthropist Gordon Moore has died at 94
- Michigan clerk stripped of election duties after he was charged with acting as fake elector in 2020 election
- North Carolina justices rule for restaurants in COVID
- What the bonkers bond market means for you
- State Tensions Rise As Water Cuts Deepen On The Colorado River
- Evan Ross and Ashlee Simpson's Kids Are Ridiculously Talented, Just Ask Dad
- Average rate on 30
- With Trump Gone, Old Fault Lines in the Climate Movement Reopen, Complicating Biden’s Path Forward
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Social Security is now expected to run short of cash by 2033
- Las Vegas police seize computers, photographs from home in connection with Tupac's murder
- Michigan clerk stripped of election duties after he was charged with acting as fake elector in 2020 election
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Adam Sandler's Daughter Sunny Sandler Is All Grown Up During Rare Red Carpet Appearance
- The U.S. Military Emits More Carbon Dioxide Into the Atmosphere Than Entire Countries Like Denmark or Portugal
- Get a Tan in 1 Hour and Save 42% On St. Tropez Express Self-Tanning Mousse
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
NFL owners unanimously approve $6 billion sale of Washington Commanders
GEO Group sickened ICE detainees with hazardous chemicals for months, a lawsuit says
The Justice Department adds to suits against Norfolk Southern over the Ohio derailment
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
On the Defensive a Year Ago, the American Petroleum Institute Is Back With Bravado
Watch Oppenheimer discuss use of the atomic bomb in 1965 interview: It was not undertaken lightly
6 things to know about heat pumps, a climate solution in a box