ZURICH (Reuters) -Novartis will expand its operations in North Carolina and build a manufacturing hub there as part of a planned $23 billion of U.S. infrastructure investment over the next five years, the Swiss pharmaceuticals company said on Wednesday.
The expansion is projected to create 700 new positions at Novartis and more than 3,000 indirect jobs across the supply chain by 2030, the company's statement said.
The announcement follows a preliminary deal struck by the U.S. and Swiss governments last week to cut U.S. tariffs on Switzerland to 15% from 39%.
Central to the deal is a pledge by Swiss companies such as Novartis to invest $200 billion in the U.S. by the end of 2028.
Novartis said the new hub, expected to open in 2027 or 2028, will comprise two new facilities in Durham, North Carolina, for biologics manufacturing and sterile packaging, and a site in Morrisville for solid dosage production and packaging.
Novartis said it will also expand its existing Durham campus to support sterile filling of biologics.
The expansion is designed to increase the company's manufacturing capacity so that all of its key U.S. medicines can be produced domestically, it said.
(Writing by Dave GrahamEditing by David Goodman)
LATEST POSTS
- 1
Director Emerald Fennell explains why "Wuthering Heights" has quotation marks around the title - 2Can ICE agents detain U.S. citizens? What powers do they have to arrest people? Your most common questions answered.
- 3The most effective method to Pick A Trade-in vehicle Stage
- 4Protest inspired by 'Gen Z' movement draws few young people in Mexico and many government critics
- 5Volkswagen Plant Could Pivot From Building Cars to Supporting Iron Dome Systems
- Twins were the norm for our ancient primate ancestors − one baby at a time had evolutionary advantages
- 10 Hints and Deceives to Expand Cell Phone Information Use: Capitalize on Your Information
- Israel and Iran continue tit-for-tat attacks
- From Loner to Force to be reckoned with: Individual Accounts of Change
- Newly Built Sichuan Hydropower Bridge Collapses Into River Months After Opening
- Discovering a true sense of harmony: Contemplation and Care Practices
- I asked ChatGPT who would win a Golden Globes. Here's what it got right — and totally wrong.
- Uzbekistan launches €9.46 billion green energy push, covering nation’s power needs
- Family Matters: Tips and Guidance for Effective Nurturing and Everyday Life
