Manufacturing investments continue to be on a roll as companies look to expand or establish their operations in the United States. Here are some of the major projects underway.
Novartis to build cancer treatment factory in North Texas
Pharmaceutical giant Novartis said it plans to establish a 46,000-square-foot radioligand therapy manufacturing site in Denton, Texas, as part of a broader U.S. investment effort.
It will be the company’s fifth facility in the United States that makes targeted treatments for patients with advanced cancers, according to a news release. Construction is scheduled to begin this year, with production set to start by 2028.
Novartis has broken ground on four U.S. facilities over the past ten months, making progress on its $23 billion commitment last year to expand its manufacturing and research and development footprint across the country.
The company in January announced plans to build its fourth RLT manufacturing facility in Winter Park, Florida, with the goal of ramping up production by 2029.
The Denton site will create jobs in bioengineering, advanced manufacturing, quality and operations for the city and surrounding communities, according to a news release.
The investment is valued at $280 million and is eligible for nearly $9 million in state and local tax incentives, the Denton Record-Chronicle reported.
A company spokesperson declined to provide financial details about the project.
Nucor partner selects rural North Carolina for steel mill
US Forged Rings, a startup that plans to make steel piping, cylinders and other industrial components, said it will build a major production facility in Hertford County, North Carolina.
The project is part of a broader three-phase development valued at $875 million by the company. Its first two phases are expected to create 625 jobs for the state.
“This investment represents an important step in our mission to strengthen American manufacturing capability in critical steel products,” US Forged Rings President and CEO Giacomo Sozzi said in a statement.
US Forged Rings was founded in 2022 and is part of the Sozzi family’s group of industrial companies, which has more than 40 years of experience in steel forging.
The Hertford County site, once completed, will produce specialty tubulars and forgings used in power generation, as well as industrial components like rings, shafts and cylinders, according to the office of North Carolina Gov. Josh Stein.
It is adjacent to a steel plant owned and operated by Charlotte-based Nucor Steel, one of US Forged Rings’ supply chain partners. CSX Transportation has agreed to provide long haul rail services for the planned facility.
Phase 1 and 2 production is scheduled to begin in 2028, according to US Forged Rings’ website.
Akston opens pet treatment factory in Northwest Louisiana
Animal health biotech company Akston has opened its latest manufacturing plant in Shreveport, Louisiana, as part of a $7 million expansion.
The project is expected to create 69 direct jobs over the next five years, with an average salary of $100,000, according to the Louisiana Economic Development agency. The 31,000-square-foot facility is located on 2.5 acres at BRF’s InterTech Park.
Co-founder and CEO Todd Zion called the facility a “major milestone,” saying that it was critical to expand in the U.S. and aims to address unmet needs in pet health with its protein therapeutics.
Akston began using the space in July 2025, with commercial manufacturing to ramp up in the coming months.
The Shreveport site expands Akston’s manufacturing footprint beyond its headquarters in Beverly, Massachusetts. It has clean rooms for biologics production, quality control labs, manufacturing capacity, cold storage and warehousing space.
Louisiana provided Akston an incentives package for the project, including participation in its job creation grant program.
Faith Technologies to establish specialty electronics facility in Alabama
Faith Technologies, a maker of switchboards, power modules and charging stations, plans to invest $79 million on its latest manufacturing facility in Opelika, Alabama.
The project is expected to create 200 jobs for the Auburn-Opelika metropolitan area. Faith Technologies plans to purchase and remodel a former JoAnn Fabrics store distribution center as part of the development.
Faith Technologies offers commercial and custom products for the energy, construction and technology markets, according to its website. Its Excellerate electrical and modular solutions are designed for data center hyperscalers and other industrial customers.
The company currently has facilities in Appleton, Wisconsin; Little Chute, Wisconsin; and Olathe, Kansas. It is developing additional capacity in El Paso, Texas.
