Corning (NYSE:GLW) has opened a new fiber-optic cable manufacturing facility in Newton, NC, in the latest expansion of its Optical Communications business.
The facility, which will employ more than 200 people, is part of Corning's previously announced plan to invest more than $250 million in its optical fiber, cable and solutions manufacturing facilities. In North Carolina, Corning is expanding its fiber manufacturing facility near Concord and its cable facilities in Winston-Salem and Hickory, in addition to opening the Newton plant.
"Network operators around the world are challenged to meet exploding demand for high-speed connectivity and data storage," said Clark S. Kinlin, executive vice president, Corning Optical Communications. "We are adding this cable capacity to help ensure reliable supply of the world's highest performing optical cable in a growing market. This world-class facility was commissioned in record time, a feat that would not have been possible without our long-serving Catawba County employees, or the support of state and local leaders here in North Carolina."