Chinese TV glass-maker Henan Anyang confirmed it had begun 3-mont...
Chinese TV glass-maker Henan Anyang confirmed it had begun 3-month preliminary work on transferring Corning Ashai’s equipment from State College, Pa., factory to its facilities in China. Corning, which in April announced it would close 36-year- old plant, signed…
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agreement in June to sell equipment to Henan. Terms weren’t disclosed, but Corning has said sale price offset “significant portion” of $40-$65 million cost of closing State College facility. Once Henan engineers complete preliminary work, Sida Corp., which is company’s U.S. buyer and distributor, will hire contractor to dismantle equipment, company said. About 35 Corning employees have resumed work at plant this month to help Henan engineers prepare equipment for shipping and 10 will travel to China to install it, company said.