Corning to Invest USD 225 Million in Tripling Capacity at Corning Lasertron

17 Jun 2002

Corning Incorporated has announced a USD 225 million expansion of Corning Lasertron, in order to increase the company's capacity for its amplification and transmission products.
This expansion enables Corning to broaden its manufacturing capability from wafer fabrication through packaging.
This in addition to USD 45 million announced in April 2000. These two expansions will increase the existing capacity of Corning Lasertron products by six times over the next two years and will create approximately 1,150 new jobs.
The additional expansion will require the construction of a new factory, with site selection to be determined in August 2000.