Date: 24 November 2003
The STSIP administers the Luchu and Tainan science parks.
Earlier this year, Corning had been rumored to be considering building a new glass-smelting furnace in the Central Taiwan Science-Based Industrial Park (CTSIP).
Corning officials in Taiwan would only say that the companys expansion plans were still focused on the Tainan Science-Based Industrial Park (TSIP), where it began building a glass-smelting furnace on eight hectares of land last March, but that it would not rule out building more furnaces.
Corning on October 22 announced that its board of directors had approved the remaining portion of a three-stage US$180 million plan to expand and enhance its TSIP facility. The first phase was approved in July. The company expects production at the site to begin by the second quarter of 2004 and the entire expansion to be completed late next year.
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