Corning Inc.

Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The company was named Corning Glass Works until 1989. Corning divested its consumer product lines (including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware, and Pyrex glass bakeware) in 1998 by selling the Corning Consumer Products Company subsidiary (later Corelle Brands, now known as Instant Brands) to Borden.

Corning Incorporated
Company typePublic
Traded as
  • NYSE: GLW
  • S&P 500 Component
Industry
  • Technology
  • Glass & Ceramic Materials
Founded1851 (1851) as
Bay State Glass Co.
FounderAmory Houghton
HeadquartersCorning, New York, U.S.
Area served
Worldwide
Key people
Wendell P. Weeks
(Chairman and CEO)
Lawrence D. McRae
(Vice Chairman)
ProductsSpecialty glass
Ceramics
Optical fiber
Cable, hardware & equipment
Emissions control technology
LCD glass
Life sciences products
Revenue US$14.19 billion (2022)
US$1.44 billion (2022)
Net income
US$1.32 billion (2022)
Total assets US$29.50 billion (2022)
Total equity US$12.01 billion (2022)
Number of employees
57,500 (December 2022)
Divisions
  • Display technologies
  • Telecommunications
  • Environmental technologies
  • Specialty materials
  • Life sciences
Websitecorning.com
Footnotes / references

As of 2014, Corning had five major business sectors: display technologies, environmental technologies, life sciences, optical communications, and specialty materials. Corning is involved in two joint ventures: Dow Corning and Pittsburgh Corning. Quest Diagnostics and Covance were spun off from Corning in 1996. Corning is one of the main suppliers to Apple Inc. Since working with Steve Jobs in 2007, to develop the iPhone; Corning develops and manufactures Gorilla Glass, which is used by many smartphone makers. It is one of the world's biggest glassmakers. Corning won the National Medal of Technology and Innovation four times for its product and process innovations.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.