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Trump injects $500M into pharmaceutical packaging industry (1,000 jobs)
United Press International ^ | July 20, 2017 | Danielle Haynes

Posted on 07/20/2017 2:55:45 PM PDT by 2ndDivisionVet

The Trump administration on Thursday announced it is pouring $500 million into the production of glass pharmaceutical packaging as part of the president's "Made in America" week.

President Donald Trump met with representatives of Merck, Pfizer and Corning in the Roosevelt Room of the White House to announce the initiative. He said the investment would create nearly 1,000 jobs "quickly."

"This initiative will bring a key industry to our shores that for too long has been dominated by foreign countries," he said. "We're moving more and more companies back into the United States, and they're doing more and more of these products."

The glass vials and cartridges are used to store and deliver injectable drugs.

The Trump administration plans to spread the funds across facilities in New York, New Jersey and a new manufacturing plant in a yet-to-be-disclosed location in the Southeast.

Corning CEO Wendell Weeks showed off the durability of the glass to be used with a vise-like contraption. He asked Trump to push down on a lever to break one of the vials, but he was unable to.

"The important thing is, that Valor Glass vial is still intact and protecting the vial ingredients inside," Weeks said.

Also in attendance at the event were Merck CEO Ken Frazier and Pfizer CEO Ian Reed.


TOPICS: Business/Economy; Government; Health/Medicine
KEYWORDS: jobs; newjersey; newyork; trump

1 posted on 07/20/2017 2:55:45 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

I watched that, he didn’t say he was pouring the money in, americium, Pfizer and Corning are investing the money. Unless I missed something


2 posted on 07/20/2017 3:01:59 PM PDT by McGavin999 ("The press is impotent when it abandons itself to falsehood."Thomas Jefferson)
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To: McGavin999

Oops that should have been a Merick


3 posted on 07/20/2017 3:02:54 PM PDT by McGavin999 ("The press is impotent when it abandons itself to falsehood."Thomas Jefferson)
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To: McGavin999

Has the press ever reported facts about him?


4 posted on 07/20/2017 3:04:21 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: McGavin999
you are right.

they got it wrong.
President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.
5 posted on 07/20/2017 3:39:19 PM PDT by stylin19a
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To: 2ndDivisionVet

When you are the laughing stock of the country and the punchline to daily jokes and no one has told you, you run for President in the Democrat Party!


6 posted on 07/20/2017 4:10:36 PM PDT by 48th SPS Crusader (I am an American. Not a Republican or a Democrat)
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To: 2ndDivisionVet

It is very unclear what role the government played in this.

https://www.whitehouse.gov/blog/2017/07/20/4-billion-investment-and-4000-jobs-corning-merck-and-pfizer-initiative


7 posted on 07/20/2017 5:07:22 PM PDT by iowamark
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To: stylin19a

That makes sense ,, Corning Glassworks is a quality producer ... just with Pyrex would revert to the old formula..


8 posted on 07/20/2017 6:03:23 PM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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