Corning to expand China clean air products plant
The board of directors for glass maker Corning approved a capital expenditure plan of $170 million to further increase capacity at its clean air products plant in Shanghai, China.
The investment will be used to expand the Corning Shanghai Company Ltd. (CSCL) facility and to increase its capacity to manufacture emissions control substrates for light-duty (automotive) passenger vehicles, the company said.
This expansion is expected to be complete and operational in the third quarter of 2013.
Mark Beck, senior vice president and general manager of Corning Environmental Technologies, said: “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.
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.”
“Corning has been investing in China for more than 25 years,” added Eric S. Musser, chief executive officer of Corning Greater China. “Today’s announcement, the third expansion of our automotive substrate facility, marks another important milestone in our commitment to China.”
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 last year announced a $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 that provide world-class service for Corning customers in China and throughout Asia.
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