Associated Press Business Writer Michelle Chapman
Johnson & Johnson says it will invest more than $55 billion in the US over the next four years, including four new manufacturing plants.
Many companies have highlighted investment in the US in recent months, the Trump administration’s focus. J&J rival Eli Lilly and Co. announced in late February that it plans to build four new plants in the US. Both Lily and J&J cited the tax cuts law passed in 2017 as a factor in US investment.
Johnson & Johnson said Friday it estimates that it has seen a 25% increase in investment compared to the past four years, with the US economic impact being more than $100 billion a year.
“Our increase in investment starts with a groundbreaking facility at a high-tech facility in North Carolina, which not only adds US jobs, but also produces cutting-edge medicines to treat patients across the US and around the world.”
The North Carolina plant is located in Wilson just east of Raleigh. The location of the other three facilities has not been revealed.
Johnson & Johnson said they would expand several existing sites apart from the construction of four new plants. The company also plans to invest in research and development infrastructure and technology.
Johnson & Johnson’s initiative is one of several companies pledged to step up manufacturing in the US earlier this month.
In February, Apple announced it plans to invest more than $500 billion in the US over the next four years. This includes plans to hire 20,000 people and build a new server factory in Texas.
Apple outlined some concrete movements in its announcement. The most important of these is the construction of a new Houston factory (scheduled to open in 2026).
AP health writer Tom Murphy contributed to this report.
Original issue: March 21, 2025 11:17am EDT
