17 October 2001

Corning Incorporated announced that its board of directors has approved the construction of a new diesel emission control product manufacturing facility. The new plant, to be located in Erwin, NY, will produce both diesel filters and diesel catalyst substrates. Construction is scheduled to begin by early 2002, with initial production of substrate and filter products expected in early 2004.

“As global demand increases for stricter regulation of emissions, Corning is committed to helping diesel vehicle manufacturers meet these tighter standards,” said Corning’s President and CEO, John Loose. “The worldwide market for substrates and filters for diesel applications is expected to reach approximately $1.5 billion by 2008. With initiatives such as our new plant announced today, Corning expects to continue on as a leading supplier in this market.”

Having received the board approval, the company plans to invest approximately $200 million in the new plant over a five-year period beginning this year.

Demand for diesel emission-control products continues to increase as stricter air quality control regulations are implemented, said Corning. These regulations include US legislation scheduled for implementation in 2004 and 2007, as well as European standards set for 2005 and anticipated for 2008.

Corning is a supplier of ceramic catalytic converter substrates and particulate filters to a number of major vehicle manufacturers worldwide. The company invented the cellular ceramic substrate in the early 1970’s. In 1978, Corning developed the cellular ceramic particulate filter to remove soot from diesel emissions.

Source: Corning Inc.