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Corning: expansion of clean air products facility

Corning has announced that its board of directors has approved a capital expenditure plan of approximately USD 170 million to further increase the capacity of its clean air products plant in Shanghai,…

Corning has announced that its board of directors has approved a capital expenditure plan of approximately USD 170 million to further increase the capacity of its clean air products plant in Shanghai, China. The investment will be used to expand the Corning Shanghai Company Limited (CSCL) facility and to increase its capacity to manufacture emissions control substrates for light-duty (automotive) passenger vehicles. This expansion is expected to be complete and operational in the third quarter of 2013. Mark Beck, senior vice president and general manager, Corning Environmental Technologies, said, Global sales of automobiles, particularly in China and across Asia, are forecasted to grow steadily over the next several years, increasing demand for Corning“s advanced substrates. Strict emissions regulations around the world are driving vehicles to use more substrates than before and to use advanced substrates. This significant investment will help us to meet the growing demand. It also demonstrates our commitment to improved service to our customers and to maintaining a leadership position in the emissions control industry. Corning has been investing in China for more than 25 years, said Eric S. Musser, chief executive officer of Corning Greater China. Today“s announcement, the third expansion of our automotive substrate facility, marks another important milestone in our commitment to China. As the first substrate manufacturer to enter China 10 years ago, we are proud that we continue to support China“s automotive industry through a combination of strategic investments, innovative technologies, and values-based market leadership.

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