Corning prepares for growth in heavy-duty diesel products

  • 31-Jan-2012 08:18 EST

Corning Inc. has entered into new multiyear supply agreements with heavy-duty diesel engine, truck, construction, and agricultural equipment manufacturers, reserving a substantial portion of its current and future diesel capacity for their needs. “This is an important step toward strategically managing capacity constraints and supporting key customers during a critical growth period,” said Mark A. Beck, Senior Vice President and General Manager, Corning Environmental Technologies. “We plan to optimize our current production capability, expand existing facilities, and invest in a new manufacturing facility to assure a reliable supply of diesel products to our core customers for years to come.” Beck told investors at a November conference that demand for Corning’s heavy-duty diesel products could triple in the next five years due to tightening global regulations. He also announced a price increase for heavy-duty substrates, effective January 2012, and Corning’s plan for a second dedicated heavy-duty diesel facility to support projected market needs. The global site-selection process for that facility is now under way and is expected to be announced in the first quarter of 2012.

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