AsianScientist (Jul. 23, 2011) – Corning Incorporated announced this Thursday that it will spend approximately US$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 Company Limited (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.
“Corning has been investing in China for more than 25 years,” said Eric S. Musser, CEO of Corning Greater China.
“Today’s announcement, 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,” he said.
Corning Shanghai Company Limited is wholly owned by Corning Incorporated, and is a high-tech emissions control substrate facility that first began shipping products in early 2001.
Corning first expanded the facility in 2007 and last year announced a US$125 million second expansion of the facility. 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 for Corning customers in China and throughout Asia.
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Source: Corning Incorporated.
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