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 July 2021.
Some of the companies that announced major expansions in July are:
Amtrak ($7.3 Billion)
Amtrak is investing $7.3 billion on a new fleet of trains and infrastructure, digitization, electrification, and automation. The new fleet will be manufactured by Siemens Mobility’s rail manufacturing facility in Sacramento, California.
Nissan ($1.38 Billion)
Automobile maker Nissan plans to build a £1 billion ($1.38 billion) electric vehicle gigafactory in Sunderland, UK. Nissan has been manufacturing in Sunderland for 35 years. With this expansion, 1,650 new jobs would be created at the hub: 900 at Nissan and 750 at Envision AESC.
The Phoenix-based electric truck startup Nikola Motors is expanding and adding more than 50 locations in nine states. It would add five independent dealers to do business in Arizona, Texas, California, Florida, and five additional states, providing Nikola 116 sales and service locations across the country.
Stellantis (€30 Billion)
Stellantis, the world’s fourth-biggest auto manufacturer, plans to invest 30 billion euros on electric vehicles and software through 2025. Stellantis is the new company formed after the merger between Fiat Chrysler Automobiles and the French PSA Group.
Colgate-Palmolive ($250 Million)
Colgate-Palmolive Company’s CL Hill’s Pet Nutrition business segment plans to invest in a new state-of-the-art facility worth $250 million in Leavenworth County, KS. This factory will create 80 new jobs in the city of Tonganoxie.
EDRF Renewables ($436.74 Million)
France-based EDF Renewables is planning to build a 500-megawatt solar facility, called Sandow Lakes Ranch Solar I, in Texas, costing about $436.74 million. Sandow Lakes would be spread across two school districts and would create new full-time opportunities once complete.
The Sunseap Group ($2 Billion)
The Sunseap Group from Singapore, in cooperation with Badan Pengusahaan Batam (BP Batam) operator of a free trade zone in Indonesia, plans to spend $2 billion to build the world’s largest floating solar farm in Indonesia. The farm will be on an area of 1,600 hectares, with an expected output of 2.2 GW, and a storage capacity of over 4000 MW.
Healthcare & Life Sciences
Regeneron ($1.8 Billion)
Regeneron, a biotech company known for its antibody cocktail to treat Covid-19, plans for $1.8 billion to expand its Westchester County headquarters, creating over 1,000 full-time jobs and expand Regeneron’s research, preclinical manufacturing, and support facilities at its Tarrytown campus.
GlobalFoundries ($1 Billion)
GlobalFoundries, the global leader in feature-rich semiconductor manufacturing, plans to invest $1 billion to increase capacity at its current $15 billion manufacturing plant in Malta, New York, where it is headquartered. The plan includes immediate investment to address the global chip shortage at its existing Fab 8 facility as well as the construction of a new fab on the same campus that will double the site’s capacity.
LG Chem ($8.7 Billion)
South Korea’s LG Chem is planning a major investment of $8.7 billion globally to “switch its business portfolio for sustainable growth.” LG will spend more than $5 billion on lithium-ion batteries and the rest on “eco-friendly” materials.
Pratt Paper LLC ($400 Million)
The western Kentucky city of Henderson will be the site where Pratt Paper LLC plans to build a massive recycled paper mill and manufacturing facility that will create more than 320 jobs, and the $400 million projects represent the largest economic development investment in that region in about a half-century.
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The American tech giant Amazon would be constructing a massive 600,000 square-foot fulfillment center in Parkland County. The automated warehouse, slated to open in 2022, will be used to pick, pack and ship small items to customers such as books, electronics, and toys. Alberta’s first Amazon robotics warehouse will create more than a thousand full and part-time jobs.
BigCommerce, a leading global Open SaaS eCommerce platform for fast-growing and established brands, has extended into the Netherlands, France, and Italy. This expansion will help create new roles in France, Italy, and the Netherlands to work directly with merchants in the region, creating a fully localized website experience for their shoppers, with their local payment methods and currencies.
CORT Tenting Solutions
CORT Tenting, a brand extension of CORT Party Rental, is expanding to additional service areas in Washington, along with Oregon, Idaho, and Northern California. CORT offers an extensive range of structure rentals and comprehensive product solutions for all outdoor environments.
Ride-hailing major Uber has extended its on-demand and scheduled grocery delivery to customers in over 400 cities and towns across the US. This is Ubers’ first major grocery expansion in the US, more than doubling the availability of the offering this week, and accelerating its grocery rollout this year with a 1,200-store partnership with the Albertsons Companies.
Google’s parent company Alphabet Inc. announced its latest moonshot venture called “Intrinsic”, an industrial robotics software company. Intrinsic is developing software tools to make industrial robots easier to use, cheaper and more flexible, so they can expand the reach of consumers using them.
Facebook and Instagram ($1 Billion)
Facebook and Instagram will invest over $1 billion to support social media content creators as it aims to compete with platforms like TikTok and YouTube for the attention of top social media personalities.
LG Electronics has launched cloud-based call centers in the United States and will expand to 10 more countries including Brazil, France, Vietnam, and South Korea, by the end of this year. This will help LG offer better customer care services and promote a work-from-home environment amid the pandemic.