Philips announces plans for more than $150M manufacturing investment in U.S.

Philips (PHG) announced a plan for new investments of more than $150M in U.S. manufacturing and research and development. As part of the announcement, Philips unveiled the expansion of its Reedsville, PA, manufacturing facility, which produces AI-enabled ultrasound systems for hospitals across the U.S. These investments come on top of Philips’ annual $900M R&D investment in the U.S. as well as investments in nearly 17,000 colleagues across 40 facilities in the United States. The investment includes the expansion of its Reedsville, PA, site and the recently announced expansion of Philips’ Image Guided Therapy facility in Plymouth, MN. It also includes additional manufacturing and R&D projects which will come over the next several years to support the company’s growth in the U.S. “The proposed planned expansion of our manufacturing facilities is a demonstration of our deep commitment to the U.S. region,” said Jeff DiLullo, Chief Region Leader, Philips North America. The expansion of the Reedsville site is expected to add 24,000 square feet of manufacturing space in addition to 40,000 square feet of warehouse space and is expected to create 120 skilled manufacturing jobs. The recently announced expansion of Philips’ image-guided therapy facility in Plymouth, MN, which includes the construction of a new medtech training center, is expected to create over 150 new jobs.