Corning Plans $450 Million Fiber Plant Expansion
RALEIGH, N.C., Dec. 12 -- Corning Inc. will spend $450 million to expand its Cabarrus County fiber optic cable plant in Concord, N.C., generating 475 new jobs and making it the largest such facility in the world, said Corning. The announcement comes on the heels of a $550-million addition earlier this year.
The increased capacity in these plants is allowing us to keep pace with growing worldwide demand for optic fiber, said Corning division vice president Tom Nettleman.
The company will increase production of fiber optic cable by 25 percent a year through 2004. Corning's division in North Carolina will eventually receive investments totaling $2.5 billion and employ more than 6500 people by 2004, the company said.
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024