Global manufacturing plants cut energy intensity by up to
52.4 percent
CORNING, N.Y.; JANUARY 17, 2019- 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.
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 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 - ENERGY STAR:
Kristinn Sharpe
(202) 343-9062
Sharpe.Kristinn@epa.gov
Media Relations
Contact:
Joe Dunning
(607)
974-5006
dunningjm@corning.com
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
Follow
Corning: RSS
Feeds | Facebook | Twitter | YouTube
Related Links:
Sustainability | GEM | Corning and ENERGY STAR
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Corning Incorporated via Globenewswire
Corning (NYSE:GLW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Corning (NYSE:GLW)
Historical Stock Chart
From Apr 2023 to Apr 2024