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Corning Inc
Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The company was named Corning Glass Works until 1989. Corning divested its consumer product lines (including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware, and Pyrex glass bakeware) in 1998 by selling the Corning Consumer Products Company subsidiary (now known as Corelle Brands) to Borden. , Corning had five major business sectors: display technologies, environmental technologies, life sciences, optical communications, and specialty materials. Corning is involved in two joint ventures: Dow Corning and Pittsburgh Corning. Quest Diagnostics and Covance were spun off from Corning in 1996. Corning is one of the main suppliers to Apple Inc. Since working with Steve Jobs in 2007 to develop the iPhone; Corning ...
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Corning Incorporated Logo
Corning may refer to: People * Corning (surname) Places In Canada: * Corning, Saskatchewan In the United States of America: * Corning, Arkansas * Corning, California * Corning, Indiana * Corning, Iowa * Corning, Kansas * Corning, Michigan * Corning, Minnesota * Corning, Missouri * Corning (city), New York * Corning (town), New York * Corning, Ohio * Corning, Wisconsin Businesses and organizations * Corning Inc., an American glass and ceramics manufacturer * Dow Corning * Owens Corning * Corning Museum of Glass Other uses * Corning (gunpowder), a gunpowder manufacturing process that improves consistency and power * Salt-curing or Pickling Pickling is the process of preserving or extending the shelf life of food by either anaerobic fermentation in brine or immersion in vinegar. The pickling procedure typically affects the food's texture and flavor. The resulting food is cal ...
with salt; salting {{disambiguation, geo ...
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Ceramic
A ceramic is any of the various hard, brittle, heat-resistant and corrosion-resistant materials made by shaping and then firing an inorganic, nonmetallic material, such as clay, at a high temperature. Common examples are earthenware, porcelain, and brick. The earliest ceramics made by humans were pottery objects (''pots,'' ''vessels or vases'') or figurines made from clay, either by itself or mixed with other materials like silica, hardened and sintered in fire. Later, ceramics were glazed and fired to create smooth, colored surfaces, decreasing porosity through the use of glassy, amorphous ceramic coatings on top of the crystalline ceramic substrates. Ceramics now include domestic, industrial and building products, as well as a wide range of materials developed for use in advanced ceramic engineering, such as in semiconductors. The word "'' ceramic''" comes from the Greek word (), "of pottery" or "for pottery", from (), "potter's clay, tile, pottery". The earliest kno ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather ...
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Covance
Labcorp Drug Development is a contract research organization (CRO) headquartered in Burlington, North Carolina, providing nonclinical, preclinical, clinical and commercialization services to pharmaceutical and biotechnology industries. Formerly called Covance,https://drugdevelopment.labcorp.com/commitment/about-labcorp-drug-development.html> the company is part of Labcorp, which employs more than 70,000 people worldwide. Labcorp Drug Development claims to provide the world's largest central laboratory network. Labcorp Drug Development has been met by fierce activism from animal rights leaders including Jane Goodall for its animal testing procedures. History Pre-Labcorp Drug Development companies (1968–1996) The origins of Labcorp Drug Development go back to 1968, when Environmental Sciences Corporation – which manufactured equipment related to laboratory animals – opened for business in the basement of a former grocery store in Seattle, Washington. In 1972, it purchased ...
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Quest Diagnostics
Quest Diagnostics is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe. As of 2020 the company had approximately 48,000 employees, and generated more than $7.7 billion in revenue in 2019. The company offers access to diagnostic testing services for cancer, cardiovascular disease, infectious disease, neurological disorders, COVID-19, and employment and court-ordered drug testing. History 1960–1995 Originally founded as Metropolitan Pathology Laboratory, Inc., in 1967 by Paul A. Brown, MD, the clinical laboratory underwent a variety of name changes. In 1969, the company's name changed to MetPath, Inc. with headquarters in Teaneck, New Jersey. By 1982, MetPath was acquired by what was then known as Corning Glass Works, and subsequently renamed Corning Clinical Laboratories. 1996–2000 On December ...
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Dow Corning
Dow Corning Corporation, was an American multinational corporation headquartered in Midland, Michigan, United States. Originally established as a joint venture between The Dow Chemical Company and Corning Incorporated, Dow bought out Corning and Dow Corning became a 100% Dow subsidiary. After a brief existence as a DowDuPont-owned company, as Dow spun out from DowDuPont on April 1, 2019, it is now a new company, Dow Silicones Corporation, which is wholly owned by Dow and specializes in silicone and silicon-based technology, and is the largest silicone product producer in the world. History Dow Corning was formally established in 1943 as a joint venture between the American conglomerates Dow Chemical and Corning Glass to explore the potential of silicone and was a manufacturer of products for use by the U.S. military in World War II. The company began operating its first plant, in Midland, MI, in 1945. Dr. E. C. Sullivan was named president, and Dr. William R. Collings was nam ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlle ...
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Borden (company)
Borden, Inc., was an American producer of food and beverage products, consumer products, and Industrial production, industrial products. At one time, the company was the largest U.S. producer of dairy and pasta products. Its food division, Borden Foods, was based in Columbus, Ohio, and focused primarily on pasta and pasta sauces, bakery products, snacks, processed cheese, Fruit preserves, jams and jellies, and ice cream. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands. Its consumer products and industrial segment marketed wallpaper, adhesives, plastics and resins. By 1993, sales of food products accounted for 67 percent of its revenue. It was also known for its Elmer's Products, Elmer's and Krazy Glue brands. After significant financial losses in the early 1990s and a leveraged buyout by private equity firm Kohlberg Kravis Roberts (KKR) in 1995, Borden divested itself of its various divisions, brands and businesses. K ...
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Corelle Brands
Corelle Brands, LLC was an American kitchenware products maker and distributor based in Downers Grove, Illinois. In 2019, the company merged with Instant Brands. The company began as the ''Corning Consumer Products Company'', a division of the glassmaker Corning Inc., and was also known as "''World Kitchen''" from 2000 until 2018. History The company began as an unincorporated consumer products division of Corning, Inc. in 1915 with the invention of heat-resistant glass bakeware sold under the Pyrex brand. It was incorporated as the Corning Consumer Products Company (CCPC) in the early 1990s as part of a larger reorganization and Corning contributed or licensed to the company substantially all of its assets used in the existing consumer division. In November 1994, Corning and the CCPC sold its European, Russian, Middle Eastern and African consumer products businesses to Newell. A major competitor at the time, they would serve as the exclusive distributor for a number of the c ...
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Pyrex
Pyrex (trademarked as ''PYREX'' and ''pyrex'') is a brand introduced by Corning Inc. in 1915 for a line of clear, low-thermal-expansion borosilicate glass used for laboratory glassware and kitchenware. It was later expanded to include kitchenware products made of soda-lime glass and other materials. In 1998, the kitchenware division of Corning Inc. responsible for the development of Pyrex spun off from its parent company as Corning Consumer Products Company, subsequently renamed Corelle Brands (and would later merge with Instant Brands). Corning Inc. no longer manufactures or markets consumer products, only industrial ones. Both trademarks, PYREX (all uppercase) and pyrex (all lowercase, introduced in 1975), were used interchangeably in the marketing of kitchenware products made of both borosilicate and soda lime glass, in addition to related accessories, for several decades. The latter trademark is now used for kitchenware sold in the United States, South America, and Asia. I ...
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Corelle
Corelle is a brand of glassware and dishware. It is made of Vitrelle, a tempered glass product consisting of two types of glass laminated into three layers. It was introduced by Corning Glass Works in 1970, but is now manufactured and sold by Corelle Brands Corelle Brands, LLC was an American kitchenware products maker and distributor based in Downers Grove, Illinois. In 2019, the company merged with Instant Brands. The company began as the ''Corning Consumer Products Company'', a division of the .... Patterns Corelle dishware has come in many different patterns over the years since it was first introduced, but most of these were retired when Corning divested itself of the Corning Consumer Products Company. Many of the patterns were also used in CorningWare cookware. Retired patterns are still widely available. References Glass trademarks and brands Kitchenware brands Products introduced in 1970 Corning Inc. {{glass-material-stub ...
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Pyroceram
Pyroceram is the original glass-ceramic material developed and trademarked by Corning Glass in the 1950s. Pyroceram is an opaque, white, glass material, commonly used in kitchenware, glass stove tops, wood stove doors, etc.. It has high heat tolerance and low thermal expansion. Development Its development has been traced to Corning's work in developing photosensitive glass. Corning credits S. Donald Stookey with the discovery of Pyroceram. While conducting research in 1953 on a photosensitive lithium silicate glass called Fotoform containing a dispersion of silver nanoparticles, Stookey noted that an accidentally overheated fragment of the glass resisted breakage when dropped. This discovery evolved into Pyroceram, with β-spodumene as the crystalline phase, and was used in 1958 for the production of CorningWare cookware. Pyroceram's thermal stability also results in its being used for mirrors in astronomical telescopes. A transparent version of Pyroceram, with β-quartz as the cr ...
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