Current:Home > ScamsWeight loss drug giant to build North Carolina plant to add 1,000 jobs -Streamline Finance
Weight loss drug giant to build North Carolina plant to add 1,000 jobs
View
Date:2025-04-26 12:00:54
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! (86)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- NBC broadcaster Leigh Diffey jumps the gun, incorrectly calls Jamaican sprinter the 100 winner
- 1 deputy killed, 2 other deputies injured in ambush in Florida, sheriff says
- Team pursuit next for US cyclist Kristen Faulkner: 'Want to walk away with two medals'
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Pressure mounts on Victor Wembanyama, France in basketball at Paris Olympics
- Ends Tonight! Get a $105 Good American Bodysuit for $26 & More Deals to Take on Khloé Kardashian's Style
- USA Women's Basketball vs. Germany highlights: US gets big victory to win Group C
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- 1 deputy killed, 2 other deputies injured in ambush in Florida, sheriff says
Ranking
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- Inside Jana Duggar's World Apart From Her Huge Family
- USA women's basketball roster, schedule for Paris Olympics: Team goes for 8th-straight gold
- Keep your cool: Experts on how to stay safe, avoid sunburns in record-high temps
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- A rebuilt bronze Jackie Robinson statue will be unveiled 6 months after the original was stolen
- Josh Hall addresses 'a divorce I did not ask for' from HGTV's Christina Hall
- How did Simone Biles do Monday? Star gymnast wraps Paris Olympics with beam, floor finals
Recommendation
Audit: California risked millions in homelessness funds due to poor anti-fraud protections
Archery's Brady Ellison wins silver, barely misses his first gold on final arrow
USA women's basketball roster, schedule for Paris Olympics: Team goes for 8th-straight gold
Team pursuit next for US cyclist Kristen Faulkner: 'Want to walk away with two medals'
Meta donates $1 million to Trump’s inauguration fund
Josh Hall addresses 'a divorce I did not ask for' from HGTV's Christina Hall
The Bachelorette’s Andi Dorfman Is Pregnant, Expecting First Baby With Husband Blaine Hart
Delaware authorities investigate the fatal shooting of a murder suspect by state troopers