Corning poised to invest US$500mil to expand presence in China

Since entering the Chinese market in the 1980s, Corning has invested more than US$9bil in the country. — China Daily

Beijing: US-based materials science company Corning Inc plans to invest another US$500mil in China this year, reinforcing its long-standing commitment to what it calls its most important overseas market, despite ongoing geopolitical and economic headwinds.

“This year marks the milestone of Corning being in China for 45 years, so we are going to expand our capability and also upgrade our technology,” Lin Chunmei, vice-president of Corning Inc, said during a recent exclusive interview with China Daily. “Our strategy is very simple – just keep investing in our leading technology capabilities in China.”