Corning to expand in Harrodsburg
Written on August 5, 2010
Corning Inc. will invest more than $186 million to expand its Corning Display Technologies operations in Harrodsburg, Ky. The project will create more than 80 full-time jobs.
The plant, which is located about 70 miles southeast of Louisville, has been in operation since 1952.
It currently produces scratch-resistant cover glass used in portable and handheld electronic devices. According to the Kentucky Economic Development Cabinet’s manufacturer’s directory, the plant employed about 420 people as of July 22.
Sales of Corning’s Gorilla glass product are expected to top $250 million in 2010, according to a news release from Kentucky Gov. Steve Beshear’s office.
Corning, N.Y.-based Corning (NYSE: GLW) also plans to add research and development capabilities at the plant so it can develop a process for manufacturing microsheets — thin, flexible glass that will be used in next-generation electronic devices, according to the release.
The Kentucky Economic Development Finance Authority has granted Corning preliminary approval for up to $4.5 million in tax incentives through the Kentucky Business Investment Program. The incentives can be earned over a 10-year period through corporate income tax credits and wage assessments.
Filed in: business.