Corning Incorporated (NYSE: GLW) today formally opened a new
optical fiber manufacturing facility in Mszczonów, Poland, to meet
growing demand for high-speed connectivity in the European Union
and surrounding regions.
The facility, one of the largest optical fiber plants in the
European Union, is Corning’s latest in a series of global
investments in fiber and cable manufacturing totaling more than
$500 million since 2020, supported by growing demand and strong
customer commitments.
Network operators in Europe are investing in broadband expansion
to bring high-speed connections to more people in more communities.
These initiatives, along with investments in 5G and cloud data
centers, signal the early stages of a large, multi-year wave of
growth for networks built on fiber, with virtually unlimited
bandwidth. Corning, as the inventor of low-loss optical fiber and
as the world leader in passive optical communications, is uniquely
positioned to support these network builds.
The new facility adds approximately 250 employees to the
company’s workforce of more than 3,000 in Poland and builds on
Corning’s successful 20-year history of manufacturing in the
region. It provides Corning with advantaged access to talent
through the skilled workforce and technical training available in
the greater Warsaw area. Corning manufactures optical cable and
connectivity components at its campus in Stryków.
“We congratulate Corning on the opening of this advanced
manufacturing facility for the fiber that forms the backbone of the
internet,” said Józef Kurek, mayor of Mszczonów. “High-speed
connections will come to more people and more communities in Europe
thanks to the fiber that Corning will make here in Mszczonów. We
are pleased that Corning turned again to this region's talented
workforce to bring its innovations to life.”
Corning is also expanding manufacturing capacity in the United
States to meet growing bandwidth demand in North America. In August
the company announced it will open a cable manufacturing plant near
Phoenix, Arizona. A cable manufacturing expansion announced last
year in North Carolina is currently ramping up. By adding fiber
manufacturing capacity in Poland, Corning will be able to increase
local supply and manufacturing to serve global markets.
“Corning is expanding its fiber manufacturing operations in
Europe as our customers accelerate investments in future-ready
networks,” said Corning Chairman and Chief Executive Officer
Wendell P. Weeks. “From broadband to 5G to cloud computing,
tomorrow’s networks all depend on optical fiber. This facility will
ensure we can continue to efficiently serve our customers in Europe
and beyond. We appreciate the support of state and local officials,
and the dedication of our skilled workforce.”
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Actual results could differ materially from those expected by us,
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Although the Company believes that these forward-looking
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other things, current estimates and forecasts, general economic
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to anticipated levels of customer demand; rate of technology
change; ability to enforce patents and protect intellectual
property and trade secrets; adverse litigation; product and
components performance issues; retention of key personnel; customer
ability, to maintain profitable operations and obtain financing to
fund ongoing operations and manufacturing expansions and pay
receivables when due; loss of significant customers; changes in tax
laws and regulations; the impacts of audits by taxing authorities;
the potential impact of legislation, government regulations, and
other government action and investigations; and other risks
detailed in Corning’s SEC filings.
For a complete listing of risks and other factors, please
reference the risk factors and forward-looking statements described
in our annual reports on Form 10-K and quarterly reports on Form
10-Q.
Web Disclosure
In accordance with guidance provided by the SEC regarding the
use of company websites and social media channels to disclose
material information, Corning Incorporated (“Corning”) wishes to
notify investors, media, and other interested parties that it uses
its website
(https://www.corning.com/worldwide/en/about-us/news-events.html) to
publish important information about the company, including
information that may be deemed material to investors, or
supplemental to information contained in this or other press
releases. The list of websites and social media channels that the
company uses may be updated on Corning’s media and website from
time to time. Corning encourages investors, media, and other
interested parties to review the information Corning may publish
through its website and social media channels as described above,
in addition to the company’s SEC filings, press releases,
conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading
innovators in materials science, with a 170-year track record of
life-changing inventions. Corning applies its unparalleled
expertise in glass science, ceramic science, and optical physics
along with its deep manufacturing and engineering capabilities to
develop category-defining products that transform industries and
enhance people's lives. Corning succeeds through sustained
investment in RD&E, a unique combination of material and
process innovation, and deep, trust-based relationships with
customers who are global leaders in their industries. Corning's
capabilities are versatile and synergistic, which allows the
company to evolve to meet changing market needs, while also helping
our customers capture new opportunities in dynamic industries.
Today, Corning's markets include optical communications, mobile
consumer electronics, display, automotive, and life sciences.
Media Relations
Contact: Gabrielle
R. Bailey
(607)
974-6394 baileygr@corning.com
John Arwood (828) 320-3249arwoodjm@corning.com
Investor
Relations Contact:Ann H.S. Nicholson (607) 974-6716
nicholsoas@corning.com
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