Corning Announces Moderate Price Increase for Display Glass Products

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CORNING, NY – Corning is announcing a moderate increase to its display glass substrate prices in the second quarter of 2021.

This price adjustment is a result of increased costs in logistics, energy, raw materials and other operational expenses during the current glass shortage. Additionally, the costs of precious metals required for maintaining reliable glass substrate manufacturing have risen significantly since 2020. While Corning has sought to offset these added costs with productivity enhancements, it can no longer fully absorb them.

Corning expects glass supply to remain short-to-tight in the upcoming quarters and will continue to partner with customers to maximize our glass supply to them.

Web Disclosure

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.