Corning to Expand Clean-Air Auto Product Manufacturing in China

Corning Incorporated announced that its board of directors has approved a capital expenditure plan to increase manufacturing capacity in the company’s Environmental Technologies and Life Sciences segments in the People’s Republic of China.

Corning will invest approximately $125 million to expand its Corning Shanghai Company Limited automotive substrate facility and approximately $40 million to build a new manufacturing and distribution facility for
Corning Life Sciences in the Yangtze River Delta.

Final site selection for the life sciences facility is now underway. These investments will be part of Corning’s 2011 capital expenditures.

“China’s emerging economy and the strength of the Asian market are critical to Corning’s longterm growth strategy,” said Peter F. Volanakis, President and Chief Operating Officer. “More than half of our overall revenues are now generated in Asia, and China has become the largest market for all our core products.”