11:08 AM EDT, 09/16/2025 (MT Newswires) -- Eli Lilly ( LLY ) plans to build a $5 billion plant in Goochland County, Virginia, to make active pharmaceutical ingredients and drug products.

The facility, located west of Richmond, is expected to be completed within five years and will create 650 positions for engineers, scientists, operations personnel and lab technicians, the company said Tuesday in a statement.

The project, expected to bring 1,800 construction jobs to the region, is part of the company's $50 billion in US capital expansion commitments since 2020.

"The new site will be the company's first dedicated, fully integrated active pharmaceutical ingredient and drug product facility for Lilly's emerging bioconjugate platform and monoclonal antibody portfolio," according to the statement.

Lilly expects to announce three additional US plants in 2025.

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