Corning to Invest $15 Million to Expand Emissions-Control Manufacturing Plant in China

1 April 2006

Corning Incorporated will invest approximately $15 million to expand the manufacturing capabilities for clean-air products at Corning Shanghai Company, Ltd. (CSCL) in Shanghai, China.

This investment will increase the manufacturing capability of the facility to meet anticipated demand for Corning advanced ceramic substrates for light-duty vehicle applications. Corning advanced ceramic substrates include thin-wall products that deliver higher performance for emission reductions. The expansion is expected to be fully operational by mid-2007.

The tightening of emissions standards in Asia and around the world continues to drive demand for Corning clean-air products. Through the expansion of our facility in China, we will be better able to supply clean-air products to our global customers, while still maintaining a strong presence in China.

—Thomas Appelt, vice president and general manager, Corning Automotive Technologies

In China, demand for cleaner vehicles is being driven by the Euro 3 and upcoming Euro 4 regulations. Tighter global regulations, along with growth in the China economy, make China an attractive market for Corning.

Corning is a leading supplier of advanced catalytic converter substrates and particulate filters, supplying all of the world’s major manufacturers of gasoline and diesel engines and vehicles. The company invented an economical, high-performance cellular ceramic substrate in the early 1970s that is now the standard for catalytic converters worldwide. Corning also developed the cellular ceramic particulate filter to remove soot from diesel engine emissions in 1978.