Lilly to invest $1B in new plant in North Carolina

Eli Lilly and Co. (NYSE:LLY) said it would invest more than $1 billion to build a new manufacturing facility in Concord, North Carolina.

The company says it would hire almost 600 new employees to staff the new site, which will include a campus of five buildings focused on manufacturing parenteral (injectable) products and devices.

The average salary for the new employees will be approximately $70,000.

The location of the proposed 800,000-ft2 site was formerly occupied by a Philip Morris plant.

“Expanding our manufacturing footprint in North Carolina enables us to continue to produce today’s medicines while providing additional capacity to manufacture the medicines of tomorrow,” said Edgardo Hernandez, senior vice president and president, Lilly Manufacturing Operations, in a statement. “We are pleased to again partner with North Carolina to bring jobs to American workers and provide more medicines that patients need to addre…

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