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 November 2021.
Some of the companies that announced major expansions in November are:
Tesla ($1 billion)
Tesla will spend more than $1 billion on its new factory in Austin, Texas. The automaker is expected to receive nearly $65 million in local tax rebates for the factory and will create 10,000 jobs, most of which will be low-skilled. Tesla is also building a Gigafactory in Berlin, Germany that will also build the Model Y.
Tesla ($187.91 million)
Tesla plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory. The factory will employ 4,000 more people at the site.
Healthcare & Life Sciences
Thermo Fisher Scientific ($192.5 million)
Thermo Fisher Scientific will build a state-of-the-art manufacturing facility in Mebane, North Carolina. The site is part of a co-investment with the U.S. government – a $192.5 million contract in coordination with the U.S. Department of Health and Human Services (HHS) to ensure domestic supply of critically needed laboratory pipette tips.
The new manufacturing facility will help the U.S. meet future demand surges for vital laboratory products while bringing more high-quality jobs to North Carolina.
Catalent ($230 million)
Catalent, which enables biopharma, cell, gene, and consumer health partners to optimize the development, launch, and supply of better patient treatments across multiple modalities, is investing a $230 million expansion project. It will add three commercial-scale viral vector manufacturing suites and associated support facilities and services at its gene therapy campus in Harmans, Maryland, to meet growing customer demand.
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Amazon (Rs 650 Crores)
US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents.
Amazon plans to open a ‘technologically advanced’ fulfillment center (FC) in Abu Dhabi, the United Arab Emirates by 2024. The center will use machine learning and artificial intelligence (AI) technologies to improve its operational efficiency and customer experience, as well as expedite deliveries.
Amazon has partnered with the Abu Dhabi Investment Office (ADIO) for the Fulfilment center, which is part of ADIO’s program to attract investment and drive innovation.
Walgreens ($30 million)
Pharmacy store chain Walgreens plans will open a new $30 million high-tech, micro-fulfillment center in Kansas City, Missouri. Located at Liberty Commerce Center, the 65,000 plus-square-foot facilities will create 200 jobs. These fulfillment centers are dedicated to fulfilling retail prescription orders and help spend more of their time providing front-line patient care.
Instacart, the online grocery platform, and Publix’s virtual convenience offering – Publix Quick Picks, the new storefront which will allow customers to shop from Publix’s wide assortment of fresh groceries, pantry and household essentials, meals, snacks and more, for delivery in as fast as 30 minutes with Instacart Priority Delivery.
The Canada-based maker of a tiny industrial robot, Mecademic Robotics, is expanding into some of the largest robotics markets in the world, the US, Canada, France, Germany, and Australia. Mecademic’s new partners include – Allied Automation (USA), The Knotts Company (USA), Electromate (Canada), Pagès Group (France), LMZ (Germany), and Andrew Donald Design Engineering (Australia).
To meet the demands of the customers, Visa is expanding the ‘Buy Now, Pay Later’ solution in Canada. Visa is rolling out its network solution, Visa Installments, to more of Canada’s financial institutions, acquirers, and technology providers in collaboration with Moneris, a Canadian leader in unified commerce.