NEW DELHI: Corning, the world’s biggest specialised glass maker for electronics, formally announced a joint venture with Optiemus Infra for finished cover glass. Production from the new factory – which is likely to see investments of Rs 1,000 crore – will begin from the fourth quarter next year.
A top supplier to companies such as Apple, Samsung, Xiaomi, Vivo, and Oppo, this will be Corning’s first manufacturing investmentin India for glass.The company looks to not only cater tomobile phone makers but also to other segments, such as, notebooks, tablets, and smartwatches, John Bayne, senior VP and GM for Corning’s Mobile Consumer Business, said.
Bayne said the company, will cater to large local and global smartphone ecosystem, while it will consider exports. “Initial capacity will be for 30 million units,” Bayne said, adding, 70:30 JV (with Opiemus as bigger partner) will apply for incentives under scheme for promotion of manufacturing of electronic components and semiconductors.
A top supplier to companies such as Apple, Samsung, Xiaomi, Vivo, and Oppo, this will be Corning’s first manufacturing investmentin India for glass.The company looks to not only cater tomobile phone makers but also to other segments, such as, notebooks, tablets, and smartwatches, John Bayne, senior VP and GM for Corning’s Mobile Consumer Business, said.
Bayne said the company, will cater to large local and global smartphone ecosystem, while it will consider exports. “Initial capacity will be for 30 million units,” Bayne said, adding, 70:30 JV (with Opiemus as bigger partner) will apply for incentives under scheme for promotion of manufacturing of electronic components and semiconductors.