MoreCorning Inc. recently announced that its board of directors has approved a capital expenditure plan of approximately $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 Co. Ltd. (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.
“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,” said Mark Beck, senior vice president and general manager of Corning Environmental Technologies. “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 improve 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, CEO for Corning Greater China. “[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.”
CSCL, which is wholly owned by Corning, is a state-of-the-art, high-tech emissions control substrate facility that first began shipping product in early 2001. Corning first expanded the facility in 2007 and announced a $125 million second expansion last year. Production from this recent expansion is expected to begin shipping in the second half of 2012. In addition to manufacturing advanced substrates, CSCL also includes sales, marketing and engineering support that provide world-class service for Corning customers in China and throughout Asia.
For more information, visit www.corning.com.
“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,” said Mark Beck, senior vice president and general manager of Corning Environmental Technologies. “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 improve 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, CEO for Corning Greater China. “[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.”
CSCL, which is wholly owned by Corning, is a state-of-the-art, high-tech emissions control substrate facility that first began shipping product in early 2001. Corning first expanded the facility in 2007 and announced a $125 million second expansion last year. Production from this recent expansion is expected to begin shipping in the second half of 2012. In addition to manufacturing advanced substrates, CSCL also includes sales, marketing and engineering support that provide world-class service for Corning customers in China and throughout Asia.
For more information, visit www.corning.com.
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