Corning Incorporated (NYSE: GLW) announced today that 10 of its global manufacturing facilities exceeded energy efficiency goals set by the U.S. Environmental Protection Agency’s ENERGY STAR® Challenge for Industry.
“Hundreds of companies across the country are making their industrial sites more efficient and reducing carbon emissions with ENERGY STAR,” said Jean Lupinacci, director of the EPA’s Climate Protection Partnerships Division. “The actions of companies like Corning and others in the ENERGY STAR Challenge for Industry set strong examples for others to follow. Through their achievements, these companies have collectively saved more than 76 trillion British thermal units – a tremendous accomplishment!”
To meet the challenge, industrial sites must increase energy efficiency by at least 10 percent in five years or less. Ten Corning manufacturing sites raised their energy efficiency by percentages ranging from 10.4 to 52.4 in less than five years.
The following Corning facilities met the EPA’s Challenge for Industry:
- Corning Environmental Technologies: Erwin, New York
- Corning Life Sciences: Salt Lake City, Utah; Durham, North Carolina; Warsaw, Poland
- Corning Optical Communications: Hickory, North Carolina; Winston-Salem, North Carolina; Reynosa, Mexico; Shanghai, China; Strykow, Poland; and Vordingborg, Denmark
“The diversity of these sites – which represent three Corning businesses in five countries –proves that energy savings is a priority across Corning,” said Patrick Jackson, director of Corning’s Global Energy Management (GEM) program. “Every site team that helped reach these goals should be proud of their efforts. We’re thankful for our valued partnership with ENERGY STAR, and we hope to make all of our sites ENERGY STAR Challenge for Industry achievers.”
To meet energy-saving goals, Corning’s GEM program researches and implements projects and programs at each of Corning’s manufacturing plants worldwide. GEM’s multifaceted strategy includes manufacturing process innovation, facility design, maximizing energy efficiencies in the plant and through the supply chain, and promoting the importance of saving energy.
Since Corning created its GEM program in 2006, the company has:
- Earned recognition as an ENERGY STAR® Partner of the Year every year since 2014.
- Delivered more than half a billion dollars in savings for the company.
- Cut Corning’s greenhouse gas emissions by more than 2.3 million metric tons, equivalent to the carbon dioxide emissions from nearly 250,000 homes in the U.S. over a one-year period.
Caution Concerning Forward-Looking Statements
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.
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
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.