Corning Incorporated (NYSE: GLW) today formally opened a new cable manufacturing facility in Newton, North Carolina, in the latest expansion of its Optical Communications business to meet growing worldwide demand for its optical fiber and cable. 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. By adding manufacturing capacity, Corning will help ensure reliable supply for its customers as it addresses growing demand for optical fiber and cable. The demand stems from the worldwide growth in bandwidth requirements as the number of connected devices increases dramatically.