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 October 2021.
Some of the companies that announced major expansions in October are:
General Motors ($750 Million)
General Motors to invest $750 million for installing up to 40,000 Level 2 EV chargers across the U.S. and Canada. GM’s plans to expand home, workplace and public charging infrastructure through its Ultium Charge 360 ecosystem.
Ford ($316 Million)
Ford Motor Company is investing $316 million (£230 million) to transform its Halewood, U.K. vehicle transmission facility into an electric power unit plant, making it Ford’s first EV component in-house assembly site in Europe.
Healthcare & Life Sciences
Walgreens ($5.5 Billion)
Walgreens Boots Alliance has upped its healthcare strategy by launching a new business segment, Walgreens Health, enabled by a series of investments worth $5.5 billion to take majority stakes in two healthcare provider companies, VillageMD and CareCentrix
Blue Star Manufacturing ($714 Million)
Blue Star NBR and Blue Star-AGI – a joint venture between Blue Star Manufacturing and American Glove Innovations (AGI) – have committed to investing $714.1 million to establish an advanced, one-of-a-kind nitrile butadiene rubber (NBR) manufacturing facility and nitrile glove production operation in Wythe County’s Progress Park.
Moderna ($500 Million)
Moderna, a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, will build a state-of-the-art mRNA facility in Africa at an investment of up to $500 million. This new facility is expected to include drug substance manufacturing with the opportunity for fill/finish and packaging capabilities at the site.
GE Appliances ($450 Million)
GE Appliances (GEA), a Haier company, plans to invest $450 million at its Appliance Park headquarters and manufacturing operation and add more than 1,000 new jobs by year-end 2023. The plans include continuing to upgrade facilities, increase capacity and launch new products.
Walmart ($450 Million)
Walmart will build the largest, high-tech grocery distribution center for fresh and frozen groceries in Spartanburg County, SC. The $450 million investment will create more than 400 new supply chain jobs. The more than 720,000-square-foot facility will rely on the combination of Walmart associates, automation technology, robotics, and machine learning to process grocery perishables and deliver them to nearby stores.
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Google ($1 Billion)
Google would be investing $1 billion to support “digital transformation” across Africa. This will include landing a subsea cable into the continent to enable faster internet speeds, low-interest loans for small businesses, equity investments into African startups, skills training, and more.
Micron Technologies ($150 Billion)
Idaho-based Micron Technology plans to invest more than $150 billion in memory manufacturing and R&D across the globe over the next ten years.
Vantage Data Centers ($1 Billion)
Vantage Data Centers, a leading global provider of hyperscale data center campuses, has begun construction of its first African campus in Johannesburg, South Africa, leveraging a US$1 billion investment from existing financial partners.