Corning Invests in Indonesia

Acquires Siemens' 51 percent stake in Indonesian optical fiber cable company

December 12, 2001

1 Min Read

CORNING, N.Y. -- Corning Incorporated (NYSE:GLW) today announced that its wholly owned subsidiary, Corning International Corporation, has acquired Siemens AG's 51-percent interest in an Indonesian manufacturer of optical fiber cable for telecommunications. The acquisition of shares in the equity company, which will operate under the name PT Communication Cable Systems Indonesia, is the result of Corning's acquisition in 2000 of Siemens AG's worldwide cable and hardware operations. Terms of the agreement were not disclosed. The equity company was previously known as PT Siemens Kabel Optik (SKO). PT Trafindo Perkasa Tbk of Jakarta, Indonesia is the other shareholder, along with Mr. Marsini Adinegoro. Corning Inc.

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