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Corning Acquires Minority Stake in Russian Cable Plant

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CORNING, N.Y., Aug. 24 -- Corning Incorporated said that its wholly owned subsidiary, Corning International Corporation, has entered into an agreement to acquire slightly more than 25 percent of Transvok, a manufacturer of optical fiber cable in Russia. Corning Cable Systems, headquartered in Hickory, N.C., will manage the equity venture. Corning will fulfill Transvok's optical fiber requirements and will assist the equity company, located near Moscow, in pursuing potential markets in Russia. "This is another important equity relationship in Russia for Corning Cable Systems," said James R....Read full article

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    Published: August 2001
    CommunicationsNews & Features

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