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Corning Holds Grand Opening Ceremony for Shanghai Automotive Substrate Facility Expansion


Published on 2012-05-14 18:23:06 - Market Wire
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SHANGHAI--([ ])--Corning Incorporated (NYSE: GLW) today hosted a grand opening and groundbreaking ceremony for Corning (Shanghai) Co. Ltd., Corningas wholly owned automotive substrate facility in Shanghai, China. The event celebrated the completion of a $125 million expansion and the beginning of a previously announced third capacity build-out. Members of the Chinese government, customers, and employees attended the ceremony.

"Todayas celebration is another milestone in Corningas longstanding support of Chinaas economic growth"

Corning (Shanghai) Co. Ltd. was established in 1999 to provide advanced emissions control substrate technologies and engineering services to automotive customers in China and Asia. The facility began manufacturing [ ceramic substrates ] in 2001. The company completed its first expansion of the plant in 2007 and broke ground on a second addition, celebrated today, in 2010. The third expansion is expected to be operational in the third quarter of 2013.

aTodayas celebration is another milestone in Corningas longstanding support of Chinaas economic growth,a said [ Wendell P. Weeks ], chairman, chief executive officer, and president, Corning Incorporated. aThese expansions underscore the speed at which Chinaas auto industry is growing, and they also demonstrate Corningas commitment to grow with our customers.a

aChina now leads the world in both auto production and vehicle sales. This market growth, coupled with tighter regulations, will drive increased demand for Corningas state-of-the art emissions-control products,a said [ Tom Lynch ], general manager of Corning Shanghai Co. Ltd. and regional director of [ Environmental Technologies ], China and India. aOur investments in this facility will help us better serve our customers here in the region and around the world.a

Corning is a leading supplier of advanced catalytic converter [ substrates ] and [ particulate filters ], supplying the world's major manufacturers of gasoline and diesel engines and vehicles. The company invented an economical, high-performance cellular ceramic substrate in the early 1970s that is now the standard for catalytic converters worldwide. Corning also developed the cellular ceramic particulate filter in 1978 to remove soot from diesel engine emissions in 1978.

About Corning Incorporated

Corning Incorporated ([ www.corning.com ]) is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy, and metrology.

View Related Materials: [ Corningas Commitment to Cleaner Air ]

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