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Investing.com -- Johnson & Johnson (NYSE:JNJ) announced on Friday its plan to invest over $55 billion in the United States over the next four years.
This investment is earmarked for the construction of manufacturing facilities and the expansion of research infrastructure.
This planned investment marks a 25% increase compared to the company’s investment in the previous four-year period.
As part of its expansion plan, Johnson & Johnson will construct three new manufacturing facilities in the U.S. This includes a site in Wilson, North Carolina, where the company officially began construction on Friday.
In addition to these new facilities, the company also plans to expand several of its existing sites in the U.S. Johnson & Johnson currently operates more production facilities in the U.S. than in any other country.
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