Corning: investments in US manufacturing

Corning Incorporated has announced that its board of directors has approved a capital expenditure of approximately USD 180 million to expand the company“s manufacturing facility at Harrodsburg, Kentu…

Corning Incorporated has announced that its board of directors has approved a capital expenditure of approximately USD 180 million to expand the company“s manufacturing facility at Harrodsburg, Kentucky, to provide additional capacity for Corning“s Gorilla glass. Growing demand for Gorilla glass is quickly consuming our available capacity, James P. Clappin, president, Corning“s Precision Glass businesses, said. We are on track to reach sales in excess of USD 250 million this year and sales could approach the USD 1 billion mark in 2011. We are making Gorilla glass manufacturing and technology investments today to meet the growing market need of the future, he said. Gorilla glass is used or designed into more than 200 mobile devices and is planned for about 100 others. Gorilla glass is also an appealing solution for the emerging slate computing environment. It is highly damage-resistant and scratch-resistant. The optical quality and elegance of Gorilla glass also makes it a superb cover glass for the thin, edge-to-edge design of LCD televisions, Clappin said.