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James Houghton returned from partial retirement on Monday to take the helm at Corning as the venerable glass company based in upstate New York continued its efforts to recover from a disastrous move into optical communications.
Tough action and tough talking have followed the announcement by US commerce chiefs of plans to slap anti-dumping duty on specific glass products.
U.S. silicone-based products maker Dow Corning Corp will build a plant in Malaysia this year as part of a pledge made in 1998 to invest two billion ringgit ($526 million) in the country, newspapers said on Tuesday.
Demand for flat glass in the United States is forecast to rise three percent per year to almost seven billion square feet in 2005, valued at $9.1 billion.