September 25, 2016 11:39 PM ET

Construction Materials

Company Overview of Corning International Corporation

Company Overview

Corning International Corporation manufactures glass products. The company was founded in 1966 and is based in Corning, New York. Corning International Corporation operates as a subsidiary of Corning Inc.

1 Riverfront Plaza

Corning, NY 14831

United States

Founded in 1966

Phone:

607-974-9000

Fax:

607-974-5927

Key Executives for Corning International Corporation

Regional Manager
Compensation as of Fiscal Year 2016.

Corning International Corporation Key Developments

Corning International, K.K. Reaches Settlement with U.S. Department of Justice Regarding Pricing of Certain Automotive Products

Corning International, Kabushiki Kaisha (CIKK) announced that it has reached a definitive agreement with the U.S. Department of Justice (DOJ) to resolve an investigation into the pricing of certain automotive products. Under the resolution, CIKK will plead guilty to a single antitrust violation; admit that, acting through a single former CIKK employee, it engaged in a conspiracy to fix prices and rig bids for ceramic substrates sold to a Japanese automotive company; and pay a fine of $66.5 million (equivalent of JPY 7.2 billion). This former CIKK employee acted secretly and alone, and he was indicted by the DOJ on May 11, 2016. The DOJ has agreed that it will not pursue further criminal prosecution of CIKK for any conduct involving the sales of such automotive products. Corning did not engage in any illegal activities, and the DOJ has agreed not to prosecute Corning. CIKK's agreement with the DOJ will be submitted to the U.S. District Court for the Eastern District of Michigan for approval.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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