Corning in China
Our Vision in China
Corning has a vision of operating as a truly global, innovation–driven company, with facilities in China up to the best world–class standards. As a faithful corporate citizen in China, we are dedicated to promoting the domestic economy and contributing to the development of the local industry. We believe that as a result of China’s entering the WTO, the automotive market will be more active and the industry’s growth will accelerate. In the next few years, cars will become a necessity for Chinese people rather than a status symbol as they are now. The growth in car ownership will make China the world’s most promising and important market for automotive products. Having proven success in the same segment in the U.S., Europe and other markets, Corning is fully ready to capture the opportunities provided by this booming market.
Similar growth is expected in optical communications in China. The increase in demand for broadband access is already driving growth in the telecoms network. Growth in PC ownership in China is also creating strong opportunities for LCD products.
Our History in China
Corning’s cooperation with China dates back to the early 1980s, when the company was involved in a number of technology projects and equity ventures that provided China’s high–technology companies with the capability to manufacture optically–pure, mechanically–precise glass, using world–class technology. Installed widely in China throughout the 1980s, Corning’s TV tube production technology helped create the age of affordable TV ownership in the country.
Corning’s other inventions are bringing life–changing innovation to China right now. Our innovative optical fibers form the backbone of China’s national fiber–optic grid and are now used to build the provincial and metropolitan networks.
In China, Corning has a higher concentration of facilities, plants and people than in any other part in the Asia Pacific region. Our bright, long–term outlook is based on the natural alignment of China’s major growth areas with Corning’s own products:
Telecommunications – Corning’s optical communications businesses (fiber, cable hardware and equipment) as well as specialty fibers
Automobiles – Corning’s environmental technologies
Televisions and personal computers – Corning’s advanced display technologies and projection displays products
Our Businesses in China
As of today, Corning has invested over $1 Billion in the Chinese mainland and Taiwan. Business operations include:
- Corning China Headquarters in Shanghai
- Sales/services offices in Beijing, Shenzhen, Shanghai, Hong Kong and Taipei
- Corning Environmental Technologies’ facility: Corning (Shanghai) Co., Ltd. in Shanghai Jinqiao (wholly owned)
- Corning Cable Systems (Shanghai) Co., Ltd in Shanghai Caohejing (wholly owned)
- Shanghai Fiber Optics Co., Ltd. in Shanghai Caohejing (equity venture)
- Shanghai Walsin Electrical Wire & Cable Co. Ltd (equity venture)
- Beijing CCS Optical Fiber Cable Co. Ltd – Beijing (equity venture)
- Chengdu CCS Optical Fiber Cable Co., Ltd. – Chengdu (equity venture)
- Corning Display Technologies’ facilities in Tainan (wholly owned)
- Corning Display Technologies’ facilities in Taichung (wholly owned)
Corning employs over 2,000 people throughout the region.