India Is Considered To Be One Of The Fastest Growing Regions For The Company

Amit Bansal, MD, Corning India talks about his company’s focus areas, growth strategies, its plans for the Indian market and more, in an exclusive interaction with Viveka Roychowdhury.

- Viveka Roychowdhury

What is the revenue mix between the five business segments that Corning is present in: consumer electronics, telecom, automotive, life sciences and display?

Corning is one of the world’s leading innovators in materials science. For more than 165 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 operates in five reportable segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences, and manufactures products at 98 plants across 17 countries.

Globally, the Display Technologies segment that manufactures glass substrates for active matrix liquid crystal displays, primarily in LCD televisions, notebook computers and flat panel desktop monitors, represented 34 per cent of Corning's sales in 2016, the Optical Communications segment offering optical fibre, cable and connectivity solutions, represented 32 per cent, Environmental Technologies segment that manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world, represented 11 per cent, Specialty Materials segment that manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs, represented approximately 12 per cent and life sciences segment that offers tools and solutions to researchers seeking new approaches to increase efficiencies, reduce costs and compress timelines in the drug discovery process, represented approximately nine per cent of Corning's sales in 2016.

Corning India revenue is not publicly disclosed, but contributes to AP emerging market sales which recorded $363 million in 2016 vs. $331 million in 2015.