Latest news with #CorningInc.
Yahoo
17-07-2025
- Business
- Yahoo
Corning Inc.'s community golf tournament surpasses $1 million mark in fundraising: Impact
Corning Incorporated's 22nd annual community golf tournament in support of United Way of the Southern Tier hit a fundraising milestone July 11, surpassing $1 million in net proceeds since the event began in 2004. 'We are incredibly grateful to Corning Inc., the dedicated golf tournament committee, and the many sponsors, players, and volunteers whose commitment and generosity made this milestone possible,' said Maleaha Smith, President and CEO of United Way of the Southern Tier. 'More than $1 million raised through this tournament means thousands of lives touched, from young children who start school ready to learn, to seniors who can age safely at home.' Corning Inc. employees plan, organize and volunteer at the annual tournament, and businesses from around the region and across the country support the event through sponsorships. "Corning Inc., has always believed in the power of community, and we're proud to support United Way of the Southern Tier in their mission to uplift and serve our neighbors,' said Millicent Ruffin, Corning Inc. Division Vice President, Corning Community Impact. 'Surpassing the $1 million milestone is more than just a number, it's a reflection of our community's dedication and generosity, and our long-standing commitment to making a meaningful difference where we live and work.' The first tournament in 2004 was organized by Corning Inc.'s IT department and raised about $2,500 for United Way of the Southern Tier programs in Chemung and Steuben counties. Ruffin said this year's tournament, which takes place over two days, July 11 and July 14 at the Corning Country Club, is expected to net $100,000 for programs supported by United Way of the Southern Tier. More than 80 teams are participating in the two-day event, officials said. Donations to United Way of the Southern Tier make a transformative impact in the community and support 69 programs for children, senior citizens, our neighbors in need, and people facing the aftermath of natural disasters. More: The Mug Shotz, new Corning restaurant, offers late-night and early-morning dining options Groups that support the event include BCK Partners Inc., Cisco, Coca-Cola Northeast, CSI Leasing, ePlus, Kennedy Valve, HUNT Engineers, Architects & Surveyors, Odyssey Controls, Parkway Paints & Flooring, Welliver, and XGen Pharmaceuticals. This article originally appeared on The Leader: Corning's United Way golf fundraiser hits $1 million milestone Solve the daily Crossword
Epoch Times
30-04-2025
- Business
- Epoch Times
Corning Boosts Manufacturing Investment to $1.5 Billion, Citing ‘Increasing Demand' for US-Made Components
Materials science company Corning Inc. is boosting investment at its upcoming solar component-manufacturing facility in Saginaw County, Michigan, to $1.5 billion, the company said in an April 29 Corning had initially allocated up to $900 million for the manufacturing facility, which was expected to create more than 1,100 jobs. The investment expansion will create 400 'new high-paying advanced manufacturing jobs,' it said, adding that the decision to dial up funding was taken 'to support increasing demand for U.S.-made solar components.' 'The company's increased manufacturing capacity will enable Corning to supply high-quality solar wafers and help strengthen the domestic solar supply chain with industry-leading solar manufacturers,' it said. The company's CEO, Wendell P. Weeks, said Corning was 'proud to meet the increasing demand for U.S.-sourced solar products by accelerating the ramp of our advanced manufacturing assets and support the nation's priority of domestic energy security.' Last year, Michigan Gov. Gretchen Whitmer and the Michigan Economic Development Corporation Related Stories 4/28/2025 4/28/2025 Starting wages at the facility are expected to be above the median wage in the region. To support the project, Michigan Strategic Fund has approved multiple grants and incentives valued at more than $109 million. Corning's decision to boost manufacturing capacity in the United States comes amid the Trump administration's tariffs on imports. On April 2, President Donald Trump announced a 10 percent universal baseline Importing foreign-made components will prove costly to companies, as they now have to pay high import duties. Shifting production stateside makes business sense in such circumstances. During an April 29 'The president's implementation of reciprocal tariffs earlier this month with rates of 26 percent, 24 percent, and 46 percent applicable to India, Malaysia, and Vietnam, respectively, creates a significant economic headwind for our manufacturing facilities in these countries selling into the U.S. market,' he said. 'While the subsequent 90-day pause to the effectiveness of these tariffs and the application of a 10 percent universal tariff partially mitigates the impact, the lower rate would still result in a meaningful adverse gross margin impact to sales into the United States, absent the duty being fully passed through to the module buyer.' Tariffs on China-Backed Solar Imports On April 21, the Department of Commerce The decision follows a 2024 complaint filed by American manufacturers alleging that Chinese-owned companies in the four countries were dumping solar products into the United States at unfairly low prices and harming America's solar sector. The department said companies located in Cambodia, Malaysia, Thailand, and Vietnam were receiving subsidies from China. The highest duties—3,521 percent—were charged on solar goods coming from Cambodia as companies in the country refused to cooperate with the U.S. investigation. Malaysia's Jinko Solar was charged a tariff of 41.56 percent, and Thailand's Trina Solar faces duties of 375.19 percent. 'These are among the first CVD [countervailing duty] investigations wherein Commerce has made an affirmative finding that companies received transnational subsidies,' the department said. The American Alliance for Solar Manufacturing Trade Committee, which led the case, welcomed the Commerce Department's decision. In an April 21 The decision 'confirms what we've long known: that Chinese-headquartered solar companies have been cheating the system, undercutting U.S. companies, and costing American workers their livelihoods,' he said. 'Enforcing our trade laws isn't just a legal matter—it's essential to rebuilding our industrial base, securing our energy independence, and protecting American jobs.' The tariffs must now be approved by the U.S. International Trade Commission, which has until June 2 to decide on the matter. The domestic U.S. market is expected to see robust demand for solar power generation capacity this year. A Feb. 24 This accounted for 61 percent of total electricity-generation capacity additions in the country last year. The EIA expects the trend to continue through 2025 as well, projecting 32.5 GW of solar capacity additions. 'Texas (11.6 GW) and California (2.9 GW) will account for almost half of the new utility-scale solar capacity addition in 2025,' said the analysis. 'We expect five other states—Indiana, Arizona, Michigan, Florida, and New York—each to account for more than 1 GW of added solar capacity in 2025 and collectively account for 7.8 GW of planned solar capacity additions.'
