Philips is investing more than $150 million in U.S. manufacturing and research and development (R&D), which includes expanding its manufacturing facilities and creating new jobs.
The company's latest investment includes the expansion of its Reedsville, PA, facility that produces AI-enabled ultrasound systems and its image-guided therapy facility in Plymouth, MN. The investment also includes future manufacturing and R&D projects that aim to support the company’s growth in the U.S.
These investments come on top of Philips’ annual $900 million R&D investment in the U.S., according to the firm.
The Reedsville site, which currently manufactures transducers, will also customize the software and configurations of ultrasound systems for specific clinical procedures in cardiovascular, general, and maternal care following its expansion. The upgrade will add 24,000 sq ft of manufacturing space and 40,000 sq ft of warehouse space and is expected to create 120 skilled manufacturing jobs, Philips said.
The image-guided therapy facility in Plymouth, MN, includes the construction of a new medtech training center and is expected to create more than 150 new jobs, the company added.
