05 Dec Lilly announces $3 billion expansion of its recently acquired manufacturing facility in Wisconsin
The investment will benefit millions of patients worldwide, boosting the production of the company’s medicines, including those for diabetes and obesity
INDIANAPOLIS, Dec. 5, 2024 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced a $3 billion expansion of the Kenosha County, Wisconsin, manufacturing facility that the company acquired earlier this year. This investment will extend the company’s global parenteral (injectable) product manufacturing network, helping to meet the growing demand for its diabetes, obesity and future pipeline medicines across therapeutic areas. Lilly expects to add 750 highly skilled jobs to the current 100-plus workforce at this location.
The company plans to start construction on the expansion next year. This represents another step in Lilly’s historic manufacturing expansion agenda to help more people who depend on its medicines. Since 2020, Lilly has committed more than $23 billion to construct, expand and acquire manufacturing sites worldwide.
“Today’s announcement represents our single largest U.S. manufacturing investment outside our home state of Indiana and will add to our ability to expand capacity to make both our existing and future pipeline of medicines right here in the Midwest,” said Edgardo Hernandez, executive vice president and president of Lilly Manufacturing Operations. “We look forward to bringing high-wage, advanced manufacturing, engineering and science jobs to people in Wisconsin, a state that is becoming a critical geography in our global manufacturing operations.”
The acquisition, expansion, and additional purchases of land and the adjacent warehouse bring Lilly’s total planned investment in Wisconsin to $4 billion. The expanded facility will focus on manufacturing injectable medicines, device assembly and packaging for medicines across multiple therapeutic areas.