US firm Corning Incorporated has recently announced the creation of Biccor Pte. Ltd., a holding company which will be 40% owned by its subsidiary Corning International Corporation and 60% owned by BIC…
US firm Corning Incorporated has recently announced the creation of Biccor Pte. Ltd., a holding company which will be 40% owned by its subsidiary Corning International Corporation and 60% owned by BICC Cables-Asia Pacific Pte. Ltd. (BCAP). Biccor will hold investments in and manage optical fibre cable plants in South East Asia and China. In particular, it will identify and invest in optical fibre cable opportunities in individual markets; act as a “turnkey” in building and commissioning manufacturing facilities; and supervise each cable venture“s operations. Biccor, which will be based in Singapore, will consider both greenfield and existing optical fibre cable ventures. Corning manufactures optical fibre, cable and components, high-performance glass and components for televisions, and other electronic displays for communications and communications-related industries; advanced materials for the scientific, life sciences and environmental markets; and consumer products. Corning“s total revenues from continuing operations in 1995 were US$ 3.3 billion.