Corning investing $170M to expand clean air products plant in Shanghai; increased substrate capacity for automotive emissions control
Corning Incorporated will invest approximately $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.
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.—Mark Beck, senior vice president and general manager, Corning Environmental Technologies
Corning Shanghai Company Limited, which is wholly owned by Corning Incorporated, is an advanced 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.
Corning is a leading supplier of advanced cellular ceramic substrates and diesel particulate filters for the world’s major manufacturers of gasoline and diesel engines. The company invented an economical, high-performance, cellular ceramic substrate in the early 1970s that is now the standard for catalytic converters worldwide. In 1978, Corning developed the cellular ceramic particulate filter to remove soot from diesel emissions. Corning continues to leverage its expertise in materials, processes and manufacturing to develop advanced ceramic substrates and diesel particulate filters that help meet demanding mobile emissions requirements.