Amid tariff talk, Philips investing over $150M in US expansion
Amid talk about tariffs against Europe and other foreign countries, Philips is announcing plans to invest over $150 million in U.S. expansion.
The Amsterdam-based manufacturer is looking to bolster its facility in Reedsville, Pennsylvania, which produces artificial intelligence-enabled ultrasound systems. In addition, Philips also is adding to its image-guided therapy plant in Plymouth, Minnesota.
“The proposed planned expansion of our manufacturing facilities is a demonstration of our deep commitment to the U.S. region,” Jeff DiLullo, chief region leader, Philips North America, said in a statement.
The Reedsville site currently manufactures transducers, customizing software and configuration of ultrasound systems for cardiovascular and maternal care after the expansion. Philips said its Pennsylvania facility is adding 24,000 square feet of manufacturing space and 40,000 more of warehouse square footage. It will create an additional 120 skilled manufacturing jobs in Pennsylvania, Philips said Thursday.
The move comes after rival radiology manufacturer Siemens Healthineers also announced $150 million in U.S. investments in May, with the goal of “bringing manufacturing back to the U.S.”
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.