Corning to invest $500 million to expand presence in China

United States-based materials science company Corning Incorporated plans to invest another $500 million in China this year, reinforcing its long-standing commitment to what it calls its most important overseas market, despite ongoing geopolitical and economic headwinds.

"This year marks the milestone of Corning being in China for 45 years, so we are going to expand our capability and also upgrade our technology," Lin Chunmei, vice-president of Corning Incorporated, said during a recent exclusive interview with China Daily. "Our strategy is very simple — just keep investing in our leading technology capabilities in China."

Since entering the Chinese market in the 1980s, Corning has invested more than $9 billion in the country. Today, it operates 21 manufacturing plants, a research and development center and three technology centers, employing nearly 6,000 people across the country.