Businessweek

Corning Incorporated engages in manufacturing specialty glass and ceramics. The company manufactures and processes products at approximately 70 plants in 13 countries. Segments The company operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Display Technologies This segment manufactures glass substrates for active matrix liquid crystal displays (LCDs) that are used primarily in notebook computers, flat panel desktop monitors, and LCD televisions. The company’s facilities in Kentucky, Japan, Taiwan, and China, and those of its equity affiliates in Korea, develop, manufacture, and supply glass substrates using a proprietary fusion manufacturing process and technology expertise. This segment’s equity affiliates consist of Samsung Corning Precision Materials Co., Ltd. (Samsung Corning Precision Materials), of which the company owns 50%; Samsung Electronics Co., Ltd. owns 43%; and three other shareholders own the remaining 7%, as well as Samsung Corning Advanced Glass, LLC, owned equally by the company and Samsung Mobile Display Co., Ltd. Samsung Corning Precision Materials supplies LCD glass substrates to display manufacturers in Korea. Samsung Corning Advanced Glass, LLC manufactures specialty glass substrates for the organic light emitting diode (OLED) device market. The business intends to combine the company’s Lotus Glass substrate technology and Samsung Display’s OLED display expertise, to provide product solutions for OLED technologies. The company offers EAGLE XG, the LCD glass substrate that is free of heavy metals. Utilizing the EAGLE XG composition, the company offers EAGLE XG Slim glass, a line of slim glass substrates, which enables lighter-weight portable devices and thinner televisions and monitors. It also offers Corning Lotus Glass, a display glass developed to enable technologies, including OLED displays and next generation LCD. Corning Lotus Glass helps support the demanding manufacturing processes of both OLED and LCDs for portable devices, such as smart phones, tablets, and notebook computers. And in 2012, the company introduced Corning Willow Glass, its ultra-slim flexible glass for use in next generation consumer electronic technologies. Telecommunications This segment produces optical fiber and cable, and hardware and equipment products for the worldwide telecommunications industry. The company offers a range of optical fiber technology products and enhancements for various applications, including premises, fiber-to-the-home access, metropolitan, long-haul, and submarine networks. The company makes and sells InfiniCor fibers for local area networks, data centers, and central offices; SMF-28e+ single-mode optical fiber that provides additional transmission wavelengths in metropolitan and access networks; SMF-28 ULL fiber; LEAF optical fiber for long-haul, regional, and metropolitan networks; ClearCurve ultra-bendable single-mode fiber for use in multiple dwelling units and fiber-to-the-home applications; ClearCurve ultra-bendable multimode fiber for data centers and other enterprise networks; ClearCurve VSDN ultra-bendable optical fiber designed to support emerging high-speed interconnects between computers and other consumer electronics devices; and Vascade submarine optical fibers for use in submarine networks. A portion of the company’s optical fiber is sold to subsidiaries and affiliates, including Corning Cable Systems LLC; Beijing CCS Optical Fiber Cable Co., Ltd.; Chengdu CCS Optical Fiber Cable Co., Ltd.; and Corning Cable Systems Polska Sp. Z o.o. The company’s remaining fiber production is sold directly to end users or third party cablers worldwide. The company’s hardware and equipment products include cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, closures and pedestals, splice and test equipment, and other accessories for optical connectivity. For copper connectivity, its products include subscriber demarcation, connection and protection devices, xDSL (different variations of digital subscriber lines) passive solutions, and o