Posted on 07/20/2017 6:32:44 PM PDT by 2ndDivisionVet
Corning plans to "immediately" invest $500 million and create 1,000 new jobs in the United States making a new glass for medical products, CEO Wendell Weeks told CNBC.
The initiative is a collaboration with Merck and Pfizer and was announced at a "Made in America" event with President Donald Trump on Thursday.
It is part of a plan to invest $4 billion and create 4,000 new jobs, Weeks said.
Corning plans to "immediately" invest $500 million and create 1,000 new American jobs making a new glass for medical products, its CEO told CNBC on Thursday.
The initiative is a collaboration with Merck and Pfizer and was announced at a "Made in America" event with President Donald Trump on Thursday.
"This is part one of a plan to invest $4 billion and create 4,000 high-tech jobs right here in the U.S.," Corning CEO Wendell Weeks said in an interview with "Closing Bell" after the announcement.....
(Excerpt) Read more at cnbc.com ...
Good move for Corning.
That said, America needs to re-establish trade relations with other countries.
We currently send millions of jobs overseas. They need to return to America.
That won’t happen piecemeal. A wholesale restructuring of our trade relations with the rest of the world, is long overdue.
Another wave of Trump’s magic wand
This is an example of jobs returning to the United States, Einstein.
Hey Benedict, your Free Traitor slip is showing.
I like President Trump talking about this though. He talks about it all the time, cheerleads companies all the time. He can do a lot to transform the culture by just doing this kind of thing.
What are you smoking?
NY Ping
Corning is in an absolutely stunningly beautiful part of the state.
Good for them to do it in NY of all places.
It must be a fascinating place to work.
I have Corning Ware in my kitchen right now that is almost 60 years old.
When we got married anything Corning was a MUST.
We visited their place, and also Steuben Glass, in the 70s on a family vacation.
I have a Steuben piece also,which belonged to my mother.
.
They would be silly to do it in NY with the tax structures...unless they can get the political machine to give them what they want in a deal of course...
I have Corelleware that’s pretty old as well and we got some Stueben glass from my M-i-l.
I’ve been to the Museum and it’s fantastic.
I agree but some companies still stay here.
Like Wegman’s and more power to them.
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