Tim Cook explains why Apple is investing heavily in Corning’s Glass Factory

Apple CEO Tim Cook told CNBC Gym crammer Why his company is investing $ 2.5 billion to build glass KoringThe Kentaki factory praising the company’s technology.

“It’s place to insert it,” Cook said about his investment in Corning. “I feel very confident on it, because when you see innovation, when you see the cost, when you see the quality, these are all things that are factors in our decisions – this is a great place.”

Apple Announced Last month, elevated investment and said that all glasses for iPhone and apple watches would be made in the facility of corning. Corning has been a relationship with Apple over the years – the manufacturer’s glass has been used in iPhones Since its first recurrence in 2007.

Cook indicated especially for the strength of Corning “Ceramic shield“Technology, which he said, is thin and light, but also durable.

According to CEO Vendel Weex, CEO of Corning, the new version of the ceramic shield is 50% stronger than the first version. The week also spoke with Kramer and Cook on Friday, and said that Apple’s investment would increase the factory staff by 50%.

“It is going to be a world-agronic manufacturing site for the production of high-specific glass,” Vix said. “We are going to produce triple.”

For cooking, domestic manufacturing “can help create a center of economic activity in various places”, saying that factories themselves produce employment, but also enhance local businesses. Week Agreed and the suggested Corning saw its business as a “social contract” with the community. He talked about Kentki plant Development In innovation of glass since it was opened in 1952.

“When you walk around the factory, you will meet people who are the third generation of corning employees in this factory,” Vix said. “But what people are doing today, what to do with their grandfather, has nothing to do.”

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Rejuvenation The CNBC Investing Club Charitable Trust has shares of Apple.