Corning Valor featured on CNBC
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.
The glass is called Valor Glass and is a “substantial improvement” in quality over existing products, he said. It has superior strength and is more damage-resistant, according to Corning.
Corning plans to “immediately” invest $500 million and create 1,000 new jobs in the United States making Valor glass for medical products, CEO Wendell Weeks told CNBC.