financetom
Business
financetom
/
Business
/
J&J to invest more than $2 billion in new manufacturing facility
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
J&J to invest more than $2 billion in new manufacturing facility
Oct 2, 2024 10:30 PM

(Reuters) -Johnson & Johnson ( JNJ ) said on Tuesday it will invest more than $2 billion to build a new manufacturing facility at Wilson, North Carolina, aiding production of new therapies.

The new facility will expand J&J's production of medicines to treat cancer, immunity-related and neurological diseases, the company said.

The company expects to begin construction of the facility in the first half of 2025, J&J said, adding that it will employ about 400 full-time staff when it is fully operational.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Unilever in takeover talks with McCormick for food business
Unilever in takeover talks with McCormick for food business
Mar 20, 2026
March 20 (Reuters) - Unilever ( UL ) said on Friday it was in talks with U.S.-based McCormick & Company ( MKC ) about selling its foods business, which includes brands such as Hellmann's mayonnaise and Knorr soups and seasonings. Unilever ( UL ) said it has received an inbound offer for the business. There can be no certainty that...
Unilever in takeover talks with McCormick for food business
Unilever in takeover talks with McCormick for food business
Mar 20, 2026
March 20 (Reuters) - Unilever ( UL ) said on Friday it was in talks with U.S.-based McCormick & Company ( MKC ) about selling its foods business, which includes brands such as Hellmann's mayonnaise and Knorr soups and seasonings. Unilever ( UL ) said it has received an inbound offer for the business. There can be no certainty that...
PRESS DIGEST-New York Times business news - March 20
PRESS DIGEST-New York Times business news - March 20
Mar 20, 2026
March 20 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - The Federal Communications Commission said on Thursday that it had approved the local television giant Nexstar's $6.2 billion acquisition of a rival TV company, Tegna ( TGNA ) ,...
War in Iran threatens fresh food-price shock across developing world
War in Iran threatens fresh food-price shock across developing world
Mar 20, 2026
LONDON, March 20 (Reuters) - Disrupted fertiliser shipments and soaring energy prices from the war in Iran are threatening to unleash a fresh food-price surge across vulnerable nations, risking a years-long setback just as many were recovering from successive global shocks. Developing countries were strengthening - and attracting investment - after the global pandemic and the Ukraine war sent food,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved