Corning Holds Grand Opening Ceremony for LCD Glass Plant in China

Beijing plant will supply panel makers on the China mainland
CORNING, N.Y.--(Business Wire)--
Corning Incorporated (NYSE:GLW) today hosted a grand opening
ceremony for the company's new liquid crystal display (LCD) glass
substrate manufacturing facility in the People's Republic of China.

The plant, located in the Beijing Economic Technological
Development Area, is the company's first TFT-LCD glass production
facility on the China mainland. The opening continues Corning's trend
of entering an LCD-producing region as local market demand expands.
Corning currently has LCD glass facilities in the U.S., Japan, Korea
and Taiwan.

"Today marks the latest chapter in Corning's history of investment
in China, where our businesses have responded to the varied needs of
the region's many high-technology industries," said Wendell P. Weeks,
chairman and chief executive officer, Corning Incorporated. "This
plant reflects our commitment to grow with our customers and to
support one of China's most important industries."

John P. Bayne, president, Corning Display Technologies China,
hosted the grand opening celebration, together with Weeks and James P.
Clappin, president, Corning Display Technologies.

"As an industry leader in TFT-LCD glass and other advanced display
products, Corning is committed to providing customers with reliable
supply across our global network," said Bayne. "This facility
demonstrates our commitment to China and the growing TFT industry. We
have added and will continue to add many people to our organization,
including highly skilled technicians and engineers, as we continue to
ramp operations over the coming months."

Previously, Corning stated that it expects global demand for
liquid crystal display glass to grow 25% to 30% in 2008, representing
an increase of more than 450 million square feet of glass to about 2.2
billion square feet by year-end. While much of that growth is driven
by the demand for LCD televisions, smaller applications like LCD
monitors, notebooks, and portable devices are also strong factors in
overall glass demand.

About Corning Incorporated

Corning Incorporated (www.corning.com) is the world leader in
specialty glass and ceramics. Drawing on more than 150 years of
materials science and process engineering knowledge, Corning creates
and makes keystone components that enable high-technology systems for
consumer electronics, mobile emissions control, telecommunications and
life sciences. Our products include glass substrates for LCD
televisions, computer monitors and laptops; ceramic substrates and
filters for mobile emission control systems; optical fiber, cable,
hardware & equipment for telecommunications networks; optical
biosensors for drug discovery; and other advanced optics and specialty
glass solutions for a number of industries including semiconductor,
aerospace, defense, astronomy and metrology.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements that
involve a variety of business risks and other uncertainties that could
cause actual results to differ materially. These risks and
uncertainties include the possibility of changes in global economic
and political conditions; currency fluctuations; product demand and
industry capacity; competition; manufacturing efficiencies; cost
reductions; availability of critical components and materials; new
product commercialization; changes in the mix of sales between premium
and non-premium products; new plant start-up costs; possible
disruption in commercial activities due to terrorist activity, armed
conflict, political instability or major health concerns; adequacy of
insurance; equity company activities; acquisition and divestiture
activities; the level of excess or obsolete inventory; the rate of
technology change; the ability to enforce patents; product and
components performance issues; stock price fluctuations; and adverse
litigation or regulatory developments. Additional risk factors are
identified in Corning's filings with the Securities and Exchange
Commission. Forward-looking statements speak only as of the day that
they are made, and Corning undertakes no obligation to update them in
light of new information or future events.

Corning
Media Relations:
James E. Terry, 607-974-7343
terryje@corning.com
or
M. Elizabeth Dann, 607-974-4989
dannme@corning.com
or
Media Relations - China:
Lydia Lu, 011-86-21-5467-4666 x1900
lulr@corning.com
or
Investor Relations:
Kenneth C. Sofio, 607-974-7705
sofiokc@corning.com

Copyright Business Wire 2008