Eight Additional Corning Sites Achieve U.S. EPA Challenge for Industry Energy Goals
November 12 2020 - 1:30PM
Corning Incorporated (NYSE: GLW) announced on Thursday that eight
more of its global manufacturing facilities have recently reduced
energy intensity by an average of 13.2%, meeting or exceeding the
goals set by the U.S. Environmental Protection Agency’s ENERGY
STAR® Challenge for Industry. To meet the challenge, industrial
sites must each increase energy efficiency by at least 10% in five
years or less.
“Thousands of industrial plants are improving their efficiency,
cutting energy costs, and reducing energy-related carbon emissions
by taking the ENERGY STAR Challenge for Industry,” said Jean
Lupinacci, director of the EPA’s Climate Protection Partnerships
division. “By challenging their plants, companies like Corning and
others demonstrate their commitment to strong energy
management. Through their achievements, these companies have
collectively saved more than 84 trillion British thermal units – an
impressive accomplishment.”
Following are the newest Corning sites to meet the EPA’s ENERGY
STAR Challenge for Industry criteria:
- Environmental
Technologies facilities in Painted Post, New York, and Shanghai,
China
- Life Sciences
facilities in Borre, France; Kennebunk, Maine; and Wujiang,
China
- Optical
Communications facilities in Pune, India, and Rio de Janeiro,
Brazil
- Specialty Materials
facility in Canton, New York
“Corning is committed to sustainability – we believe protecting
the environment makes good business sense and is the right thing to
do,” said Patrick Jackson, director, Global Energy Management
(GEM). “Our GEM teams around the world are continually proving our
dedication to finding new and innovative ways to create energy
savings across Corning. Each site should be proud of its energy
management initiatives and ENERGY STAR Challenge for Industry
recognition. We value our partnership with ENERGY STAR and will
strive to receive this prestigious designation at all Corning
sites.”
Corning began its GEM program at a time when prioritizing energy
management was a relatively new concept for many large businesses.
Since launching GEM in 2006 with technical and financial assistance
from the New York State Energy Research and Development Authority,
Corning has:
- Earned recognition
as an ENERGY STAR® Partner of the Year for the past seven years
(2014-2020)
- Improved its energy
productivity by 35%
- Delivered more than
a half a billion dollars in energy savings
- Decreased its
greenhouse gas emissions by more than 2.3 million metric tons,
equivalent to one year of carbon dioxide emissions of nearly
250,000 U.S. homes
To meet its energy-saving goals, GEM researches and implements
projects and programs at each of Corning’s manufacturing plants.
This multifaceted strategy includes manufacturing process
innovation, facility design, maximized energy efficiencies in
plants and throughout the supply chain, and promotion of the
importance of saving energy.
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 duration and severity of the recent COVID-19
(coronavirus) outbreak, and its ultimate impact across our
businesses on demand, operations and our global supply chains; 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.
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.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading
innovators in materials science, with a 169-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 mobile consumer electronics,
optical communications, automotive technologies, life sciences
technologies, and display technologies.
Media Relations
Contact: Gabrielle Bailey(607)
684-4557baileygr@corning.com
Investor Relations Contact: Ann H.S. Nicholson
(607) 974-6716 nicholsoas@corning.com
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