What is Corning's Mission Statement?
Corning's purpose is to deliver superior, long-range economic benefits to our customers, our shareholders, our employees and the communities in which we operate. We accomplish this while living our Values in an operating environment that enables corporate and personal growth to flourish.
Corning has a proud history of enriching people's lives through research and technological innovation. As the world leader in specialty glass and ceramics, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences.
We succeed through sustained investment in R&D, over 160 years of materials science and process engineering, and a distinctive collaborative culture. Our strong, visionary leadership has always been guided by an enduring set of Values that define our relationships with employees, customers and the communities in which we operate.
Corning is a diverse company. On what areas does it focus?
Our near-term growth will be fueled by three distinctly different market opportunities that showcase the depth of our materials expertise: LCD displays for communications and entertainment; emissions-control technology for light-, medium- and heavy-duty diesel vehicles; and optical fiber, cable, hardware and equipment for fiber-to-the-premises applications.
Corning is known for its unyielding commitment to research and development, its materials and process expertise and its tradition for life changing inventions. The company has been characterized as adaptive and flexible, and will continue to anticipate and drive major market opportunities.
What are Corning's key products?
Our expertise and Values have enabled Corning to develop leading positions in the information display, environmental, life sciences, and telecommunications industries.
Corning Display Technologies is a leading global supplier of high-technology glass substrates for active matrix Liquid Crystal Displays (LCDs). Our premium quality substrates are used in many notebook computers, desktop LCD monitors, LCD-TVs, cell phones, digital cameras and other electronic devices sold around the world.
Corning Environmental Technologies offers leading solutions for emissions control challenges for light, medium and heavy-duty vehicles. We supply critical components that form the core of some of the world’s most effective pollution control systems, and deliver consistent, reliable and durable performance under demanding conditions.
Corning Life Sciences produces the world’s most comprehensive line of laboratory products for life science research. For more than 90 years, we have helped our customers succeed through innovative, high quality products, unrivaled service and a dedication to supply chain excellence.
Corning's telecommunications segment includes world leading optical fiber, cable, hardware and equipment products and services. Our leading technology and market leadership in telecommunications provides us with a unique ability to provide market-focused innovative solutions to our customers.
How does Corning ensure responsible corporate governance?
At Corning Incorporated, our commitment to strong, responsible corporate governance begins with our Board of Directors. Each Board member is vitally concerned that we preserve the integrity that has characterized our company for more than 160 years.
Our basic board structure -- with 10 of our 13 directors being outsiders to Corning -- provides a unique and objective point of view in the way we operate the company. The Board's audit committee (made up entirely of outside directors) closely reviews all annual report data and ensures our compliance with laws and regulations of the New York Stock Exchange and the Securities and Exchange Commission.
Integrity has always been one of our Values; it is the foundation of our reputation and one of our most precious assets. We govern ourselves with a rigorous system of checks and balances to ensure utmost compliance to fair and honest business practices. This ensures that our integrity is never compromised.
What percentage of Corning's revenue comes from its display technologies segment and how much comes from the company's other market segments?
According to our 2012 Annual Report, 36% of Corning's 2012 revenues came from our display technologies segment, 27% from our telecommunications segment, 12% from our environmental technologies segment, 17% from our specialty materials segment and 8% from our life sciences segment. Other products represented less than 1% of Corning sales.
What is Corning's strategy on long-term growth?
Corning management and staff all over the world have delivered significant improvements for our shareholders, continuing to implement the plan our Manangement Committee formulated and launched in mid-2002. We have rebuilt a strong financial foundation for the company – and in turn, we have been able to invest in significant growth initiatives that build our strategic position and yield returns for our shareholders.
Corning’s diversified portfolio continues to keep it at the leading edge of a wide variety of high-growth industries – certainly with our liquid crystal display products, but also as innovation leaders in environmental and telecommunications products. Additionally, we are making significant technology advances in products for the life sciences industry.
Across all these activities, Corning’s business strategy focuses on attractive global markets where Corning’s leadership in materials and process technology achieves and sustains competitive advantage and superior growth over time.
What is Corning's competitive advantage?
Innovation is the foundation of our growth, competitive advantage and success. For more than 160 years, Corning has produced useful and industry-creating products. Due to our unyielding commitment to research and development, as well as materials and process expertise, we have changed the lives of mankind.
Our time-honored Values set us apart from other companies as well. They are the unchanging moral and ethical compass of our company and are all-important in guiding our actions. They enable us to deliver superior, long-range economic benefits to our customers, our employees and the communities in which we operate.
How can I purchase Corning stock?
Although Corning does not have a direct stock purchase plan, you can buy shares of Corning common stock by contacting a brokerage firm.
Corning common stock is listed on the New York Stock Exchange (NYSE). In addition, it is traded on the Boston, Midwest, Pacific and Philadelphia stock exchanges. Common stock options are traded on the Chicago Board Options Exchange. The abbreviated ticker symbol for Corning Incorporated is "GLW."
For more information, visit Corning's Investor Relations Web site.
How many people does Corning currently employ?
We employ approximately 29,000 employees worldwide.