Korea“s Samsung Corning, Asahi Glass of Japan and Corning of the United States have agreed to set up a US$ 300 million factory in Mexico for the production of glass bulbs for television tubes. The pl…
Korea“s Samsung Corning, Asahi Glass of Japan and Corning of the United States have agreed to set up a US$ 300 million factory in Mexico for the production of glass bulbs for television tubes. The plant is expected to become operational in 1998 and with a forecast output of 8 million glass bulbs a year. A ground-breaking ceremony for the three-party joint venture factory will take place in the first half of 1997 at an as yet unspecified free trade zone. The joint venture would launch a polishing plant in early 1998 and a melting plant in 1999, it added. Samsung Corning and Asahi Glass were known to have agreed to a 40% share each in the projected factory. When the Mexican factory is operational, it will become Samsung Corning“s third glass bulb manufacturing facility after those in Malaysia and Germany.