Corning Celebrates Completion of New School Building in Pune, India

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Corning Celebrates Completion of New School Building in Pune, India

Corning Celebrates Completion of New School

News Releases
Corning Celebrates Completion of New School Building in Pune, India
Corning Celebrates Completion of New School Building in Pune, India
Pune, India | Corning India | August 23, 2018
Facility near fibre manufacturing plant, constructed by Corning as part of community outreach, will house more than 90 students

Corning India today celebrated the opening of a new building for Varale ZP School in Pune, India, constructed through the efforts of Corning as part of its community outreach activities. The school, located about 1 mile from Corning's optical fibre manufacturing facility in Pune, will house more than 90 students from classes first through fourth.

Attending the opening celebration were Sunil Kurhade, Sanjay Naikade and Sharad Buttepatil from the Zilha Parishad Pune District; Baby-tai Buttepatil, Sagar Andre and Vishwas Buttepatil from the Grampanchayat Varale; and Amit Bansal, managing director of Corning India. The event also featured a performance by some of the school’s students. The new school building replaces a deteriorating 30-year-old structure that housed about 58 students.

“At Corning, we strive every day to make a positive difference in the world by preserving our environment, engaging in responsible business and manufacturing processes, and most importantly, supporting our people and the communities in which we operate,” Bansal said. “We believe that a commitment to positive environmental, social, and governance-related business practices helps us strengthen our company, maintain the trust of our stakeholders, and better serve our customers and the community.”

“Our association with Corning goes back many years. We are thankful to Corning for their continued support towards the students’ education at Varale ZP School,” said Sharad Buttepatil from the Zilha Parishad Pune District. “Education is the foundation of learning and knowledge for tomorrow’s leaders, and the new school building will further make elementary-level education accessible and inclusive for students from the local community.”

In its long-term association with Varale ZP School, Corning previously contributed e-learning facilities and a water filtration system. For the latest project, Corning collaborated with school authorities in designing the new building to provide a holistic, creative and stimulating environment for students. Plans are underway by Corning to expand the school for higher classes within the next couple of years.

Corning Incorporated began operations in India in the late 1980s and established its fibre manufacturing facility in Chakan, Pune, in 2012. Since then, Corning has undertaken sustainability initiatives in education, sanitation and water conservation, energy conservation and environmental sustainability at its plant and within the local communities, to improve overall quality of life. Corning India also operates Corning Research Centre India, Corning Advanced Flow Reactor Lab and Corning Finolex Optical Fibre Private Limited JV at Chakan.

Caution Concerning Forward-Looking 
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.

For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.

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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 fibre, 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.