Corning Incorporated (NYSE: GLW) announced today that, with the support of the Hefei government, it will invest in an existing production facility in the Hefei Xinzhan Hi-Tech Industrial Development Zone in the Anhui Province, China, for its Automotive Glass Solutions business.
This facility, which Corning expects to be fully operational in 2019, will produce Corning Gorilla Glass for Automotive Interiors, a durable and optically advantaged cover glass solution specially designed for automotive interior applications. Retrofitting an existing facility will help Corning bring on new capacity quickly and efficiently in advancing the growth of its automotive glass solutions business.
“Corning is excited to be delivering technical glass solutions that address and accelerate the adoption of more dynamic and visually appealing in-vehicle infotainment systems. Our cover-glass innovations deliver advantaged performance and economics versus commodity materials and are driving significant pull for our products,” said Michael Kunigonis, vice president and general manager, Corning Automotive Glass Solutions. “Corning’s investment will deliver the capability, quality and capacity the auto industry needs to drive innovation and supply drivers with the connectivity and user experience they desire.”
Corning’s decades-long leadership in the display, mobile consumer electronics, and automotive markets positions the company to deliver advanced technical glass solutions and an extensive partner ecosystem to its auto glass customers. Corning helped create the first displays in 1947 with its television picture tubes and revolutionized the industry with LCD glass in the early 2000s. In the automotive industry, Corning has 40+ years of OEM market presence with its cellular ceramic substrates that take harmful emissions out of vehicle exhaust systems. For mobile consumer electronics, Corning has been a leading cover glass supplier for top OEMs since 2007, with Corning® Gorilla® Glass having been featured on more than five billion devices worldwide.
This manufacturing facility demonstrates Corning’s continued commitment to China and marks the company’s third investment in Hefei within the past three years. Corning Environmental Technologies announced a new facility focused on its gasoline particulate filter product line and Corning Display Technologies recently opened the world’s largest LCD glass substrate facility to supply BOE, China’s leading panel maker.
“Corning has been committed to the China auto industry since we first entered the China market in the early 1980s, and this investment underscores Corning’s longstanding support of this market,” said Li Fang, president and general manager, Corning Greater China. “Corning selects its manufacturing locations to be close to our customers, which makes Hefei an ideal location. Additionally, we have found Hefei to have excellent infrastructure and a solid base of skilled local talent. We appreciate the support we have received from the Hefei municipal government and the industrial development leadership from Anhui provincial officials.”
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About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.