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Slide #54. Corning Incorporated — Samsung Corning Precision Materials
Corning Incorporated (NYSE:GLW)
Samsung Corning Precision Materials
Corning Incorporated (NYSE:GLW) announced today that it has completed the previously announced plan to obtain full ownership of Samsung Corning Precision Materials, Co., Ltd. (SCP), formerly an unconsolidated equity venture with Samsung Display Co., Ltd., which manufactures LCD glass in Korea.
Corning provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community; polycrystalline silicon products and other technologies. Co.'s segments are: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.
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Strong Buy (3.56 out of 4)