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Comsumer Products
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Manufacturing has stabilized in New
Jersey and regained many of the jobs that were lost
during the
2001–2003 economic downturn. Today New Jersey
manufacturers employ about 320,000 full-time workers,
nearly 10 percent of the state’s entire private-sector
work force. The state is a national leader in a number
of manufacturing/consumer product industries, including
pharmaceuticals, chemicals, electronics, and machinery
and equipment. Since more than 60 million consumers with
a collective purchasing power of $1 trillion live within
overnight delivery of New Jersey, the state is an ideal
location for manufacturers to set up operations. New
Jersey’s outstanding transportation infrastructure —
including deepwater ocean ports — helps speed delivery
of consumer products to their regional, national, and
international markets. |
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Fast
Facts
Key New
Jersey consumer-product markets are chemicals, electronics
and computers, pharmaceuticals, food products,
transportation equipment, and machinery.
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Leading
Companies |
- Chemicals
This industry employs 72,000 workers and generates more
than $25 billion in annual revenues, the sixth-highest in
the country. Chemicals were New Jersey’s leading
manufacturing export category at $5.9 billion in 2005, or
28% of New Jersey’s total export shipments.
- Computers and
Electronics
Some $2.7 billion of these high-tech products were
exported in 2005. New Jersey ranked third in the country for
defense electronics and sixth in computer systems design.
High-tech exports in New Jersey grew by 14% in 2004 and
represent about 18% of all New Jersey exports.
- Pharmaceuticals and
Biomedical
Fourteen of the 25 largest drug companies in the world
have major facilities in New Jersey. The state is the
fourth-largest biotech center in the United States and
generated over $1 billion in revenues in 2004.
- Food Products
New Jersey’s nearly 5,000 food and beverage
manufacturers and wholesalers combined for over $50 billion
in sales, making it one of the strongest manufacturing
sectors in the state. Food exports from New Jersey exceed $1
billion annually. Nearly 400 companies — including large,
international food-processing companies — have operations in
New Jersey.
- Other Manufacturing
Other manufacturing sectors that showed strong growth in
2005 were transportation equipment ($2.1 billion in
exports), printing and related products ($2 billion),
primary metal manufacturing ($1.8 billion), plastics and
rubber ($1.7 billion), and machinery ($1.3 billion).
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BASF
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Honeywell
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Union Carbide
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ATT
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Lucent Technologies,
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Telcordia
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IDT
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Siemens
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Toshiba
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Panasonic
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Verizon
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Celgene
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Medarex
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LifeCell
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Biogen
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Celltech
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Johnson & Johnson
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Coke
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Campbell’s Soup
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Tropicana
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