SHANGHAI--()--Corning Incorporated (NYSE: GLW) today hosted a grand opening and groundbreaking ceremony for Corning (Shanghai) Co. Ltd., Corning’s 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.
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.
“Today’s celebration is another milestone in Corning’s longstanding support of China’s economic growth,” said Wendell P. Weeks, chairman, chief executive officer, and president, Corning Incorporated. “These expansions underscore the speed at which China’s auto industry is growing, and they also demonstrate Corning’s commitment to grow with our customers.”
“China now leads the world in both auto production and vehicle sales. This market growth, coupled with tighter regulations, will drive increased demand for Corning’s state-of-the art emissions-control products,” said Tom Lynch, general manager of Corning Shanghai Co. Ltd. and regional director of Environmental Technologies, China and India. “Our investments in this facility will help us better serve our customers here in the region and around the world.”
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.
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