CORNING, N.Y., Sept. 4 /PRNewswire/ -- Corning Incorporated (NYSE: GLW)
today announced, pending Board of Directors approval, that it will build a new
$75 million manufacturing facility near Charleston, South Carolina. The plant
will manufacture High Purity Fused Silica, an ultra-pure glass for high-
performance optical applications, including lens assemblies used in the
manufacture of microprocessors.
The new facility will be located 15 miles north of Charleston in Berkeley
County. Construction is expected to begin in the next several weeks, with
initial production targeted before the end of the first quarter in 1998.
Corning estimates the 150,000 square-foot plant will initially employ 150
"The tremendous growth in demand for Corning's High Purity Fused Silica,
particularly by producers of microlithographic steppers that are used by the
semiconductor industry, has driven our decision to build additional
manufacturing capacity," said Norman E. Garrity, president, Corning
Technologies, Corning Incorporated. "This new investment in the Charleston
plant will complement our current manufacturing operations in New York."
Established in 1851, Corning Incorporated creates leading-edge
technologies for the fastest growing segments of the world's economy. For
communications and communications-related industries, Corning manufactures
optical fiber, cable and photonic components, high-performance glass and
components for televisions, and other electronic displays and equipment;
advanced materials for scientific and environmental markets; and consumer
products. Corning's total revenues in 1996 were $3.7 billion.
SOURCE Corning Incorporated