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Amgen (AMGN) Announces $650M Puerto Rico Facility Expansion
AmgenAmgen(US:AMGN) Yahoo Financeยท2025-10-02 06:33

Core Insights - Amgen Inc. is recognized as a top choice for retirement portfolios due to its strategic investments and growth potential [1][4] - The company announced a $650 million upgrade to its manufacturing facility in Juncos, Puerto Rico, expected to create approximately 750 jobs [1][2] - This investment aims to enhance medicine production capacities and integrate innovative technology into operations [1] Investment and Expansion - Amgen's recent investments include a $1 billion expansion in North Carolina, a $900 million factory expansion in Ohio, and a $600 million science and innovation center in California [2] - The company attributes its local manufacturing and research investments to favorable legislation, including the Tax Cuts and Jobs Act of 2017 and the One Big Beautiful Bill Act of 2025 [2] Company Overview - Amgen Inc. is a global biopharmaceutical company focusing on human treatments for various health conditions, including cardiovascular diseases, hematology, inflammation, cancer, and bone health [3]