Lilly to Invest $1 Billion on New Manufacturing Plant in N.C.
January 28 2022 - 1:01PM
Dow Jones News
By Chris Wack
Eli Lilly & Co. said Friday it plans to invest more than $1
billion to create a new manufacturing site, along with nearly 600
new jobs in Concord, N.C.
The pharmaceutical company said the new facility will use the
latest technology to manufacture parenteral, or injectable,
products and devices and increase the company's manufacturing
capacity.
"Lilly is entering an exciting period of growth and we are
committed to delivering innovative medicines to patients around the
world," said Edgardo Hernandez, senior vice president and president
of Lilly manufacturing operations.
Lilly said it selected Concord because of the manufacturing
technology experience of the local labor force; its proximity to
universities with strong science, technology, engineering and math
programs; and its access to major transportation
infrastructure.
The company said it plans to create nearly 600 new jobs for
highly skilled workers such as scientists, engineers and
manufacturing personnel. About 500 additional positions will be
required while the facility is under construction.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 28, 2022 12:46 ET (17:46 GMT)
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