Corning Incorporated (NYSE: GLW) today hosted an opening ceremony
for its new Automotive Glass Solutions facility in the Hefei
Xinzhan Hi-Tech Industrial Development Zone in Anhui province,
China.
This high-volume manufacturing facility will enable Corning to
deliver AutoGrade™ Gorilla Glass parts for Automotive Interiors
directly to automakers around the world as they incorporate more
displays and more technical glass into their vehicle designs.
Introduced earlier this year, AutoGrade™ cover glass parts widen
the window to reliably and economically enable next-generation
automotive designs, led by consumer demand for more in-vehicle
connectivity and immersive driving environments. This milestone
builds on the company’s decades-long leadership in the display,
mobile consumer electronics, and automotive markets.
“Our AutoGrade cover-glass solutions help auto designers achieve
their vision for next-generation car interiors with more glass,
more form, and more function. Carmakers worldwide are designing our
technical glass solutions into their vehicles,” said Michael
Kunigonis, vice president and general manager, Corning Automotive
Glass Solutions. “We’re ramping capacity to service a growing
pipeline of project awards worth hundreds of millions of dollars.
We’re excited to extend our capability to this growing market with
our new facility.”
With designs evolving to incorporate larger, curved, and
higher-resolution automotive displays, there is an increased demand
for technical glass developed to withstand rigorous automotive
industry standards while delivering smartphone sophistication. This
new facility supports the company in its goal to double sales to
the automotive market, as outlined in Corning’s newly announced
Strategy and Growth Framework.
“This new facility in Hefei will be vital to our goals of
meeting automotive interior trend demands and doubling market sales
by 2023,” said Kunigonis. “We will begin fulfilling customer orders
from our high-volume facility in Q3 2019, offering the best product
performance with the best service and best economics.”
In July 2018, with the support of the Hefei government, Corning
Automotive Glass Solutions announced plans to invest in a new
manufacturing facility marking the company’s third in Hefei within
the past four years. Corning Environmental Technologies recently
announced the opening of a new emissions control facility focused
on its gasoline particulate filter product line, and Corning
Display Technologies opened the world’s first Gen 10.5 LCD glass
substrate facility to supply BOE, China’s leading panel maker, last
year.
“Today’s event for Corning Automotive Glass Solutions reaffirm
our commitment to the China auto market,” said Li Fang, president
and general manager, Corning Greater China. “We appreciate the
support we’ve received from the Hefei municipal government and the
industrial development leadership from Anhui provincial officials
and look forward to more milestones to come.”
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StatementsThe statements contained in this release that
are not historical facts or information and contain words such as
“will,” “believe,” “anticipate,” “expect,” “intend,” “plan,”
“seek,” “see,” “would,” and “target” and similar expressions are
forward-looking statements. These forward-looking statements are
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uncertain. These estimates are subject to change and
uncertainty which are, in many instances, beyond our control. There
can be no assurance that future developments will be in accordance
with management’s expectations. Actual results could differ
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Some of the risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed in
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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.
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
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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,
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About Corning IncorporatedCorning
(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.
Media Relations Contact: Anna
Giambrone(607)
974-5933
giambronai@corning.com
Investor Relations Contact: Ann H.S. Nicholson
(607) 974-6716 nicholsoas@corning.com
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