Corning Incorporated (NYSE: GLW) announced today that nine more of its global manufacturing facilities exceeded energy efficiency goals set by the U.S. Environmental Protection Agency’s ENERGY STAR® Challenge for Industry program. Corning now has 27 facilities that have achieved Challenge for Industry designation.
“Hundreds of companies across the country are improving the efficiency of their manufacturing plants while reducing carbon emissions with ENERGY STAR,” said Jean Lupinacci, director of the EPA’s Climate Protection Partnerships Division. “The actions of companies like Corning and others in the ENERGY STAR Challenge for Industry set strong examples for others to follow and demonstrate there are real opportunities for energy savings. Through their achievements, these companies have saved a tremendous amount of energy, money, and carbon emissions.”
To meet the challenge, industrial sites must increase energy efficiency by at least 10% in five years or less. Nine Corning manufacturing sites representing four businesses which raised their energy efficiency by ranges of 10% to 46% in five years or less include:
- Corning Environmental Technologies: Port Elizabeth, South Africa; Kaiserslautern, Germany
- Corning Life Sciences: Bedford, Massachusetts; Salt Lake City, Utah; Warsaw, Poland
- Corning Specialty Materials: Fairport, New York; Keene, New Hampshire
- Corning Optical Communications: Gebze, Turkey; Haikou, China
“Our Global Energy Management (GEM) teams around the world have shown tremendous dedication in looking for new and innovative ways to save energy and water,” said Patrick Jackson, director, GEM. “Each site should be proud of its efforts in energy management and for achieving the Challenge for Industry.”
Corning’s GEM program is a key contributor to the company’s sustainability commitment to protect the environment through pioneering innovation and continuous improvement of its processes, products, and services.
To meet energy-saving goals, Corning’s GEM program researches and implements projects and programs at each of Corning’s manufacturing plants worldwide. GEM’s multifaceted strategy includes manufacturing process innovation and facility design. Additionally, it maximizes energy efficiencies in the plant and through the supply chain and promotes the importance of saving energy.
Some projects contributing to Corning facilities achieving Challenge for Industry goals include:
- Replacing thousands of light bulbs with LEDs in production areas and office spaces, resulting in a combined savings of more than $174,000 (Kaiserslautern, Salt Lake City, Keene, Gebze, Haikou, and Warsaw)
- Upgrading and adjusting HVAC systems to be more energy efficient, saving nearly $50,000 (Fairport, Salt Lake City, and Gebze)
- Installing recycling systems that saved nearly 3.5 million gallons of water (Fairport and Keene)
- Installing energy efficient water and cooling pumps resulting in more than $175,000 in savings (Kaiserslautern and Haikou)
Since Corning’s GEM program launched in 2006, Corning has increased its energy productivity by 35% and saved more than $550 million. Additionally, Corning has been recognized as an ENERGY STAR® Partner of the Year for the past six years (2014-2019).
Caution Concerning Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
Web Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.
