Intellizence has curated top business expansion announcements by leading companies across key sectors. There were multi-billion dollar investments in existing and new businesses in April 2022.
Some of the companies that announced major expansions in April are:
Honda ($40 billion)
Automaker Honda has announced plans to launch 30 electric vehicles (EV) models globally by 2030 — a full lineup from commercial-use mini-EVs to flagship-class models — with a production volume of more than 2 million units annually.
Volkswagen ($7 billion)
Volkswagen plans to invest at least $7.1 billion over the next five years in North America and add 25 new electric vehicles there by 2030, with the aim of 50% of sales to be electric by then. The company is considering an expansion of its Chattanooga plant in the United States to produce an electric pick-up and the new ID. Buzz microbus.
VinFast, a Vietnamese-based electric vehicle and battery company, has plans to open its first North American automotive assembly and battery manufacturing plant in metro Raleigh. The company plans to invest $4 billion and create 7,500 jobs in Chatham County.
General Motors ($2 billion)
GM Canada will start production at its first full-scale electric-vehicle manufacturing plant in Ingersoll, Ontario later this year. In addition, it will add light-duty pickup production and a third shift, creating more than 2,600 new jobs at its Oshawa Assembly. The company will invest more than $2 billion to transform its manufacturing operations.
Dyson Ltd. ($1.1 billion)
Dyson has opened its new global headquarters in Singapore and plans to invest S$1.5 billion (US$1.1 billion) in expanding its research and engineering capabilities in the city-state.
LG ($700 million)
LG Electronics will invest 851.9 billion won (nearly $700 million) in its plants this year to increase white goods production worldwide.
HIF Global ($6 billion)
HIF Global, in partnership with Texas Governor Greg Abbott, the Matagorda County Economic Development Corporation, and various community partners, has selected Matagorda County as the location of its first industrial-scale eFuels facility in North America. HIF plans to invest approximately $6 billion, creating approximately 3,000 direct jobs during the construction phase of the facility and more than 125 permanent operating jobs.
Encina Development Group ($1.1 billion)
The plastics recycling technology developer Encina Development Group will invest $1.1 billion to build a new manufacturing facility that will create 300 new full-time jobs. The proposed state-of-the-art facility would be the first in the region to use advanced technologies to convert post-consumer materials into a feedstock that can be used to manufacture thousands of new products.
Waste Management ($825 million)
Waste Management will be investing $825 million to add more renewable natural gas plants at landfills that will help the company accelerate various sustainability goals, including fueling the company’s entire compressed natural gas fleet with RNG by 2026.
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Healthcare & Life Sciences
ADM ($300 million)
ADM, the global nutrition company, will invest approximately $300 million to expand its Decatur, Ill., alternative protein production and open a new, state-of-the-art Protein Innovation Center, as the company continues to add capacity and further enhance its alternative protein capabilities to meet strong demand growth.
Walmart Health expands to Florida with five new health centers with more to come. Walmart Health centers provide a range of services, such as primary care, labs, X-ray and EKG, behavioral health and counseling, dental, optical, hearing, and more.
Macy’s ($584 million)
Macy’s plans to open a new fulfillment center in North Carolina in 2024 to meet the growing demands of its omnichannel business. The company will invest approximately $584 million in this project, with an automated direct-to-consumer fulfillment capacity. Macy’s will employ nearly 2,800 workers when fully operational.
Amazon ($1 billion)
Amazon is creating a $1 billion venture investment program called the Amazon Industrial Innovation Fund (AIIF) to spur and support innovation in customer fulfillment, logistics, and the supply chain.
Amazon is also bringing its Amazon One palm recognition technology to all Whole Foods Market stores in Austin, Texas.
Walmart ($220 million)
Walmart has opened a $220 million distribution center in South Carolina.
Google ($9.5 billion)
Google plans to invest approximately $9.5 billion in its U.S. offices and data centers in 2022. Along with these investments, it expects to create at least 12,000 new full-time Google jobs by the end of the year, and thousands more among our local suppliers, partners, and communities.
Meta ($1.6 billion)
Meta, the parent company of Facebook, has launched two new data center projects in Texas and Missouri, pushing its total investment in U.S. data center construction and operations past $16 billion. An $800 million facility in Temple, Texas, will total approximately 900,000 square feet, while another, an $800 million facility in Kansas City, Missouri, will total nearly 1 million square feet.
Meta has also opened the Meta Store — a retail space to get hands-on experience with all hardware products — in Burlingame, California.
Amazon has signed agreements with Arianespace, Blue Origin, and United Launch Alliance (ULA) to deploy more than 3,000 satellites in space, to provide fast, affordable broadband to millions of customers around the world.