Corning Invests In US Manufacturing

Corning’s Gorilla glass is chemically strengthened and designed to provide protection as a cover glass for displays. Demand for the company’s Gorilla glass is expected to grow significantly and the company is responding.

On August 03, 2010 Corning announced that its board of directors approved a US$180 million capital expenditure at its Harrodsburg, Kentucky manufacturing facility to add capacity for Gorilla glass and allow production of thin-film photovoltaic glass. James P. Clappin, president, Corning’s Precision Glass businesses:

We are on track to reach sales in excess of $250 million this year and sales could approach the $1 billion mark in 2011. We are making Gorilla glass manufacturing and technology investments today to meet the growing market need of the future.

Gorilla glass will be more widely used for LCD TV applications. With a much larger dimension the demand for Gorilla glass should grow exponentially in the near future. Clappin expects revenues from Gorilla glass to hit $250 million in 2010 and then to $1 billion in 2011.

Thin-Film Photovoltaic Glass
Corning’s Harrodsburg facility will begin producing specialty glass for thin-film photovoltaics using its fusion manufacturing process. Corning expects substantial improvements in energy conversion efficiency and weight reduction while maintaining product strength and long-term reliability.

Corning’s Harrodsburg facility opened in 1952 and originally manufactured various ophthalmic products including photochromic glass. In the mid-1980s small-generation LCD glass substrates were produced until recently shifting to Gorilla and photovoltaic glass. The facility is Corning’s glass-melting technology center collaborating with the company’s Sullivan Park Research and Technology Center to develop advanced glass for display, photovoltaic and other applications.

The state of Kentucky and Gov. Steven L. Beshear’s office through the Kentucky Economic Development Finance Authority will assist up to $4.5 million in Kentucky Business Investment incentives and up to $1 million in tax rebates for construction costs. Source: Corning