Roche’s US subsidiary Genentech breaks ground on state-of-the-art manufacturing facility in North Carolina, USA
Rhea-AI Summary
Roche's (OTCQX:RHHBY) subsidiary Genentech has initiated construction of a $700 million manufacturing facility in Holly Springs, North Carolina. The 65,000 m² facility, set to be operational by 2029, represents Genentech's first East Coast manufacturing site and is part of Roche's larger $50 billion investment in US operations.
The strategic facility will focus on producing next-generation metabolic medicines, including obesity treatments, and is expected to create more than 1,900 jobs. Located on a 400,000 m² lot with expansion potential, the site was chosen for its skilled workforce, academic institutions, and proximity to other life science companies.
Positive
- Investment of $700 million in new manufacturing facility demonstrates strong commitment to US market
- Creation of over 1,900 new jobs in North Carolina
- Strategic expansion into East Coast manufacturing enhances supply chain resilience
- Facility designed for future expansion with 400,000 m² lot space available
- Part of larger $50 billion investment commitment in US operations
Negative
- Long timeline to operational status - facility not expected to be functional until 2029
- Significant capital expenditure may impact short-term financial flexibility
News Market Reaction 1 Alert
On the day this news was published, RHHBY declined 1.84%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- The
$700 million project is part of Roche’s$50 billion investment in US manufacturing, infrastructure and R&D. - The facility will create more than 1,900 jobs and support the production of next-generation metabolic medicines, including treatments for obesity
- These investments underscore Roche’s commitment to innovative manufacturing, designed to bring life-changing treatments to patients faster
Basel, 25 August 2025 - Genentech, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), today broke ground on its newest US manufacturing site in Holly Springs, North Carolina. This significant development marks the establishment of Genentech’s first manufacturing facility on the East Coast. The 65,000 m² facility is strategically designed to support production of the company’s future portfolio of metabolic medicines, including next-generation treatments for obesity.
Genentech’s initial investment in North Carolina is estimated at more than
Roche Group CEO Thomas Schinecker:
“I am proud to break ground on our new state-of-the-art manufacturing facility in North Carolina, which will support the production of our next-generation obesity treatments. This
The company selected Holly Springs in North Carolina, a growing hub for biopharmaceutical innovation, for its highly skilled local workforce, strong academic institutions and proximity to other leading life science companies.
The new facility is expected to be completed and operational by 2029, incorporating modern biomanufacturing technologies, as well as advanced automation and digital capabilities. The 400,000 m² lot includes space for future expansion.
Designed for high-volume, efficient, and sustainable production, the new facility will increase Roche’s manufacturing capacity and enhance supply chain resilience. It complements Roche’s manufacturing sites around the world, including in Europe and Switzerland, to efficiently serve patients where they are.
About Roche
Founded in 1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world’s largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharma with data insights from the clinical practice.
For over 125 years, sustainability has been an integral part of Roche’s business. As a science-driven company, our greatest contribution to society is developing innovative medicines and diagnostics that help people live healthier lives. Roche is committed to the Science Based Targets initiative and the Sustainable Markets Initiative to achieve net zero by 2045.
Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.
For more information, please visit www.roche.com.
All trademarks used or mentioned in this release are protected by law.
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