Business briefs, June 7
Morinaga breaks ground on Orange County plant
MEBANE – Morinaga America Foods held a groundbreaking on Thursday for the Orange County candy manufacturing plant that’s to open next year.
The 120,000-square-foot plant will be the company’s first production facility outside of Asia. The company expects to create about 90 new jobs in three years and to invest $48 million in the facility.
“By next summer Morinaga’s new state-of-the-art production facility will provide yet another example of how North Carolina is attracting the interest of both domestic and international companies when they look for a place to call home,” said Gov. Pat McCrory, who attended the groundbreaking.
Morinaga and Co. was founded in 1899 in Tokyo. The company makes milk caramel, chocolates, cookies, cocoa mix and frozen desserts such as ice cream sandwiches and sundae cups. In North Carolina, the company will blend syrup, sugar, flavorings and other ingredients to produce soft candy.
The project was supported by a performance-based grant from the One North Carolina Fund of up to $264,000. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds.
Quintiles named to 2014 CIO 100
DURHAM -- The biopharmaceutical services company Quintiles has been named to the 2014 CIO 100.
Each year, CIO magazine identifies 100 organizations that have distinguished themselves by creating business value through the effective and innovative use of information technology, according to a news release from Durham-based Quintiles.
The company, whose major business is in the management of clinical trials for pharmaceutical companies, said in the release that it made the list because of its Infosario Safety solution, a drug safety technology platform.
During development of Quintiles Infosario Safety, the company consolidated more than 35 individual drug safety systems and pooled a range of best practices and processes to create an operating model to help its biopharmaceutical customers ensure that all regulatory requirements for drug safety management are met on a global basis.
Quintiles then developed a portfolio of safety applications, regulatory agency integrations and implementation accelerators virtualized and deployed in its private cloud, securely available 24 hours a day, seven days a week through a web browser.