All articles tagged with #manufacturing investment
The ICE raid at a Georgia battery plant, likely driven by a White House-imposed arrest quota under Stephen Miller, resulted in the wrongful detention of over 300 South Korean workers, causing international controversy and potential economic repercussions for U.S. foreign investment, especially from South Korea.
The article discusses a recent immigration raid at a Hyundai-LG battery plant in Georgia, which involved the detention of nearly 500 workers, mostly South Korean nationals. This event has strained US-South Korea relations, especially after high-level meetings and significant Korean investments in US manufacturing. The raid highlights the complexities and challenges of foreign companies trying to comply with US immigration laws while fulfilling their investment commitments, and it has caused diplomatic and business repercussions.
Eli Lilly has announced a historic $5.3 billion investment to expand its manufacturing site in Lebanon, Indiana, bringing its total investment to $9 billion. This expansion aims to boost production of antidiabetic and weight loss medications, Zepbound and Mounjaro. The company has committed over $18 billion to new and existing manufacturing sites in the U.S. and Europe since 2020, creating thousands of jobs. The Lebanon facility is expected to be operational by the end of 2026.