Corning Incorporated (NYSE: GLW) announced today that eight of its manufacturing facilities around the world achieved the U.S. Environmental Protection Agency’s ENERGY STAR® Challenge for Industry recognition, individually reducing energy intensity ranging from 10.8 percent to 42 percent.
The eight facilities represent five of Corning’s business segments: Display Technologies, Specialty Materials, Environmental Technologies, Life Sciences, and Optical Communications.
“We are continually finding new ways to reduce the energy we use in our facilities around the world, which reduces our carbon footprint,” said Wendell P. Weeks, Corning’s chairman, chief executive officer, and president. “Our eight achieving sites demonstrate that we’re implementing effective strategies that have a positive impact on both the company and the environment, honoring our commitment to be good corporate citizens.”
To meet the challenge, industrial sites had to reduce energy intensity by at least 10 percent in five years or less. All eight of Corning’s sites achieved the goal within two years.
“Hundreds of companies across the country are making their industrial sites more efficient and 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. Through their achievements, these companies have collectively saved more than 60 trillion British thermal units – a tremendous accomplishment!”
The following Corning facilities met the EPA’s Challenge for Industry:
- Corning Environmental Technologies: Heavy-duty diesel facility, Erwin, New York; Kaiserslautern, Germany; Shanghai, China
- Corning Optical Communications: Concord, North Carolina; and Shanghai, China
- Corning Display Technologies: Harrodsburg, Kentucky
- Corning Specialty Materials: Canton, New York
- Corning Life Sciences: Wujiang, China
To attain energy-saving goals, Corning’s Global Energy Management (GEM) program developed an energy-management strategy that included facility improvements and process efficiency, and incorporated energy-conscious activities into its innovation program. The strategy included installing LED lighting, using more efficient equipment, changing set points, maximizing asset utilization, and reducing compressed air leakage.
Since Corning created its GEM program in 2006, the company has:
- Earned recognition as an ENERGY STAR® Partner of the Year in 2014 and 2015.
- Delivered more than $421 million in savings.
- Cut Corning’s greenhouse gas emissions by 1.79 million metric tons, equivalent to the carbon dioxide emissions from approximately 163,300 homes in the U.S. over a one-year period.
- Made a commitment to the Clinton Global Initiative in 2013 to increase energy productivity by an additional 15 percent by 2020, and is on its way to achieving this goal.
“Winning the ENERGY STAR Partner of the Year two years in a row shows the GEM program is making terrific progress, and having Challenge for Industry achievers is just the icing on the cake,” said Patrick Jackson, director of Corning’s GEM program. “We couldn’t be more pleased with the efforts of our employees, and we’ll continue to work toward GEM’s goal to become a world-class energy management program. We hope to make every one of our sites ENERGY STAR Challenge for Industry achievers.”
Forward-Looking and Cautionary 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 effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; 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; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed 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.
Digital Media 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 intends to use 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. 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. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning’s businesses and markets are constantly evolving. Today, Corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.