The multi-year agreements will enable reliable supply to customers by reserving a substantial portion of Corning’s current and future diesel capacity for their needs.
The company said the global site-selection process for that facility is in progress, and the location will be announced in the first quarter of this year.
Corning Environmental Technologies senior vice president and general manager Mark Beck said the company plans to optimize its current production capability, expand existing facilities, and invest in a new manufacturing facility to assure a reliable supply of diesel products to its core customers for years to come.
"We will continue to invest in technology and capacity to support our strategic customers and their anticipated growth in emerging markets," Beck said.
Corning expects its overall Environmental Technologies segment to reach about $1bn in sales this year and to grow to roughly $1.4bn in annual revenue by 2014.
Corning is a supplier of advanced cellular ceramic substrates and diesel particulate filters for the world’s major manufacturers of gasoline and diesel engines.
