Corning Watch: Corning Inc. grows relationship with China

More than half of company's revenue comes from AsiaWhat Fortune 500 company has eight factories and 3,000 employees in China and has invested $3 billion there in the last 25 years?If you guessed Corning Inc., you guessed correctly.

That explains why the company's chairman and chief executive officer, Wendell P. Weeks, visited Beijing recently to discuss economic cooperation with high-level Chinese officials.

For Corning Inc., the stakes in China are high. With a population of 1.3 billion and a growing middle class, China will inevitably become the largest economy on the planet.

Companies that don't have a strong foothold there before that happens will be left struggling to function in secondary markets -- a scenario that Corning Inc. wants to avoid at all costs.

Read more bellow.

600450 Corning Watch: Corning Inc. grows relationship with China
Date: 16 November 2010

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