SAMCOR GLASS LIMITED TO EXPAND PLANT IN INDIA FOR COLOR TV GLASS PRODUCTION
SAMCOR GLASS LIMITED TO EXPAND PLANT IN INDIA
FOR COLOR TV GLASS PRODUCTION
NEW DELHI, India., March 3 /PRNewswire/ -- Samcor Glass Limited said it has begun construction of a plant in India to produce glass bulbs for black-and-white television sets. Samcor Glass officials said they also have received Indian government approval to produce color-television glass and plan to proceed immediately to enlarge the facility for color production.
Cost of the first phase of construction is estimated at $73 million (U.S.)
The planned 255,000 square-foot facility will be located at Kota in the state of Rajisthan. Production for black-and-white television glass is scheduled to begin in the fall of 1993, with an annual capacity of approximately five million bulbs. Production for color television glass is expected to begin early in 1995.
Corning Incorporated is supplying the necessary technology to Samcor Glass Limited. Corning is also an investor in the Indian company through its French subsidiary, Corning France S.A. The Samtel Group, a leading Indian producer of video-display bulbs, is the other major investor partner. Samtel Group evolved from Teletube Electronics, Ltd., which was established in 1974.
Currently the only producer of television-bulb glass in India is Bharat Electronics Ltd., a government-owned company that produces only black-and-white glass.
/CONTACT: Stephen L. Albertalli, 607-974-8357, or Kathryn C. Littleton, 607-974-8206, both of Corning; Satish Kaura of Samcor Glass, 91-11-6832151/
(GLW) CO: Samcor Glass Limited; Corning Incorporated ST: New York IN: SU: SM -- NY019 -- 4326 03/03/92 08:51 EST