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 February 2022.
Some of the companies that announced major expansions in February are:
Automobile/ Transportation
Nissan ($500 million)
Nissan is going to invest another $500 million in upgrades at its Canton facility in order to produce two, new, all-electric vehicles for the North American market.
Tritium DCFC Ltd.
Global manufacturer of direct current (DC) fast chargers for electric vehicles (EVs)
Tritium DCFC Ltd. The company plans to expand its footprint in the United States by creating a new manufacturing facility in Lebanon, Tennesse. The new facility will help increase sales, localize production, and expand U.S. EV charging infrastructure.
Energy
Ameren Missouri ($8.4 billion)
Ameren Missouri, the Union Electric Company of Missouri plans to invest $8.4 billion to upgrade its aging infrastructure and invest in smart technology across the state during the next five years.
Healthcare & Life Sciences
Eli Lilly ($700 million)
Pharmaceutical company Eli Lilly & Co. plans a $700 million Institute for Genetic Medicine in Boston’s Seaport District. At the facility, Lilly will develop genetic medicines with a range of applications, including diabetes, immunology, and central nervous system research.
St. David’s ($953 million)
The Austin-based hospital system plans to invest $953 million across multiple facilities — the single-largest one-time capital investment since it was founded. The expansion will help increase hospital capacity and expand care for the fast-growing region.
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Technology
Intel ($20 billion)
Intel plans to invest $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel.
Amazon ($7.5 billion)
Amazon plans to spend $7.5 billion building a cluster of huge data centers in Auckland. The Amazon Web Services build will create 1000 jobs, and add $10.8 billion to New Zealand’s GDP over a decade and a half.
Microsoft
Microsoft has launched Microsoft Advertising in 29 countries across Europe and Africa. These 29 markets bring advertisers access to a new audience and enable them to reach consumers in 19 new languages.
HUAWEI
HUAWEI leading innovative technology company has opened its first store in Canada Computers North York – for laptops, monitors, wearables, audio products, tablets, and smart home devices. The company will open 15 new Canada Computers stores, in-store locations, in major Canadian markets from coast to coast.
JellySmack ($750 million)
Jellysmack, a creator-focused company that handles top names such as PewDiePie and MrBeast among others, plans to expand globally with a key focus on new markets including India, Brazil, Australia, Germany, and Mexico.
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