Corning Announces $15 Million Investment to Expand Emissions-Control Manufacturing Plant in China

Corning Announces $15 Million Investment to Expand Emissions-Control Manufacturing Plant in China

March 30, 2006

Company Cites Growing Global Demand for Clean-air Products for Passenger Cars

    CORNING, N.Y., March 30 /Xinhua-PRNewswire/ -- Corning
Incorporated (NYSE: GLW) announced today that its board of
directors recently approved a capital expenditure of
approximately $15 million to expand the manufacturing
capabilities for clean-air products at Corning Shanghai
Company, Ltd. (CSCL) in Shanghai, China.

    This investment will increase the manufacturing
capability of the facility to meet anticipated demand for
Corning advanced ceramic substrates for light-duty vehicle
applications.  Corning advanced ceramic substrates include
thin-wall products that deliver higher performance for
emission reductions.  The expansion is expected to be fully
operational by mid-2007.

    "The tightening of emissions standards in Asia and
around the world continues to drive demand for Corning
clean-air products," said Thomas Appelt, vice
president and general manager, Corning Automotive
Technologies.  "Through the expansion of our facility
in China, we will be better able to supply clean-air
products to our global customers, while still maintaining a
strong presence in China."

    "Corning is proud of its long history in
China," said Curt Weinstein, general manager, CSCL. 
"We value our highly skilled, dedicated employees and
the many relationships we have developed over the years. 
This additional investment in the facility is further proof
of our commitment to the region."

    In China, demand for cleaner vehicles is being driven
by the Euro III and upcoming Euro IV regulations that will
require lower emissions.  Tighter global regulations, along
with growth in the China economy, make China an attractive
market for Corning.

    CSCL, which is wholly owned by Corning Incorporated, is
a state-of-the-art, high-tech emissions control substrate
facility, that first began shipping product in early 2001. 
In addition to manufacturing advanced substrates, CSCL also
includes sales, marketing and engineering operations that
provide world-class service for Corning customers in China
and throughout Asia.

    Corning is a leading supplier of advanced catalytic
converter substrates and particulate filters, supplying all
of the world's major manufacturers of gasoline and diesel
engines and vehicles.  The company invented an economical,
high-performance cellular ceramic substrate in the early
1970s that is now the standard for catalytic converters
worldwide.  Corning also developed the cellular ceramic
particulate filter to remove soot from diesel engine
emissions in 1978.

    About Corning Incorporated

    Corning Incorporated ( http://www.corning.com ) is a
diversified technology company that concentrates its
efforts on high-impact growth opportunities.  Corning
combines its expertise in specialty glass, ceramic
materials, polymers and the manipulation of the properties
of light, with strong process and manufacturing
capabilities to develop, engineer and commercialize
significant innovative products for the telecommunications,
flat panel display, environmental, semiconductor, and life
sciences industries.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements
that involve a variety of business risks and other
uncertainties that could cause actual results to differ
materially.  These risks and uncertainties include the
possibility of changes or fluctuations in global economic
and political conditions; tariffs, import duties and
currency fluctuations; product demand and industry
capacity; competitive products and pricing; manufacturing
efficiencies; cost reductions; availability and costs of
critical components and materials; new product development
and commercialization; order activity and demand from major
customers; capital spending by larger customers in the
liquid crystal display industry and other businesses;
changes in the mix of sales between premium and non-premium
products; facility expansions and new plant start-up costs;
possible disruption in commercial activities due to
terrorist activity, armed conflict, political instability
or major health concerns; ability to obtain financing and
capital on commercially reasonable terms; adequacy and
availability of insurance; capital resource and cash flow
activities; capital spending; equity company activities;
interest costs; acquisition and divestiture activities; the
level of excess or obsolete inventory; the rate of
technology change; the ability to enforce patents; product
and components performance issues; changes in key
personnel; stock price fluctuations; and adverse litigation
or regulatory developments.  These and other risk factors
are identified in Corning's filings with the Securities and
Exchange Commission.  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. 

    For more information, please contact:

    Media Relations Contacts:				
     Lydia Lu					            		
     Tel:   [phone] x1900              
     Email: [e-mail]            

     Lisa A. Burns
     Tel:   [phone]
     Email: [e-mail]

    Investor Relations Contact:
     Kenneth C. Sofio
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Corning Incorporated