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Corning is involved in diverse markets. Where is the company focusing most of its efforts?
Corning is focused on high-growth, high technology markets. Our company is well diversified, with market-leading positions in telecommunications, information displays (Liquid Crystal Display) and advanced materials, including environmental technologies, semiconductors and life sciences.
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.
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What are Corning Incorporated's key products?
Corning is one of the world's leading manufacturers of optical fiber and optical cable systems. We also produce fiber-optic components, networking devices, liquid crystal display glass for flat panel monitors, and projection video lenses. Beyond the communications industry, we are leaders in contributing to a clean and healthy environment, providing substrates for emission control. Our expertise in advanced materials extends to scientific laboratory equipment and semiconductor materials such as high-purity fused silica which is used in projection and illuminator lens blanks in microlithography.
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What are Corning's values?
Throughout our history, Corning's strong, visionary leadership has been guided by an enduring set of values that define our relationships with employees, customers and the communities in which we operate around the world. Our seven values include: Quality, Integrity, Performance, Leadership, Innovation, Independence, and The Individual.
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What are Corning’s strategies in the Asia-Pacific region?
Corning began investing in the Asia-Pacific region nearly 80 years ago. Today, we have offices in China, Japan, India, Korea, Singapore and Vietnam. We believe the Asia-Pacific region holds great potential for growth and development of technologies for many of our products. The growth we anticipate is driven by three factors: deregulation and privatization of telecommunications, increased market demand for precision LCD glass and increased need for environmental technologies.
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What is the extent of Corning's investment in Greater China?
Since the early 1980s, China has provided Corning with the talented people and local expertise necessary to bring innovations like optically-pure, mechanically-precise glass for televisions, fiber optics and environmental control substrates to the Chinese market. The results of this partnership have been extraordinary. To date, Corning has invested approximately US$1.5 billion with eight manufacturing facilities and over 2,000 employees in Greater China.
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What markets does Corning compete in?
We operate within a wide variety of markets: communications, aerospace, automotive, television and video, computer LCD glass substrates, and medical laboratory markets. With our ongoing commitment to research and discovery, we are constantly finding new ways to improve peoples’ lives while expanding our markets and products along the way.
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What operations take place at Corning Shanghai Co. Ltd.?
We are currently making ceramic substrates that are used in catalytic converters in cars and other vehicles. The facility houses a complete business operation, including sales, marketing, engineering and manufacturing. Corning Shanghai Co. Ltd. is a wholly owned foreign enterprise dedicated to the manufacture of automotive environmental control products.
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Why did Corning expand its presence to Western China?
When we decided to expand our cable systems business in China, we were looking at two key requirements. First, we wanted to find the markets with the best potential for growth in the future. Second, we wanted to work in a joint venture with a capable Chinese partner. We found both in Chengdu and in 2000 formed an equity venture that has reached record levels of optical fiber cable production.
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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 150 years.
Our basic board structure -- with 11 of our 15 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.