Ceramic Industry News

Corning To Consolidate Operations, Close Facilities

December 9, 2003
/ Print / Reprints /
/ Text Size+

Corning Inc. will consolidate the manufacturing operations of its high-purity fused silica and fluoride crystal materials production into its Canton, N.Y., facility, and its fluoride crystals components finishing production into Corning Tropel's operation in Fairport, N.Y. These actions will result in the closure of Corning facilities in Charleston, S.C., and North Brookfield, Mass. Corning estimates the charges for these actions will be in the range of $70 million to $80 million pretax, with approximately 5% of the charge being cash. The company also estimates these actions should save about $12 million pretax on an annualized basis. Approximately 135 employees will be affected in Charleston and North Brookfield, though Corning intends to reassign about two dozen employees to other Corning facilities. Approximately 70 new jobs will be created at the Canton and Corning Tropel facilities as a result of the consolidation. According to James R. Steiner, senior vice president and general manager of Corning Specialty Materials, Corning's Semiconductor Optics business has been facing significant financial and operational challenges due to the extended down cycle in the semiconductor market. The consolidation of manufacturing operations will improve the long-term viability of the business and better position it to respond to current and projected market demand.

For additional details, visit http://www.corning.com .

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!


Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px