Corning plans to expand fiber-making capacity 50%; investment of $750 million seeks to capitalize on Internet-driven demand

Article Abstract:

Corning Inc. has a 40% share of the global fiber optic market. Lucent Technologies is second, with 20%. Experts see data transmission costs dropping to 1% of today's prices by decade's end. They also predict a 17-fold increase in global network capacity within 4 years. Besides fiber optic cable, Corning is producing photonics, equipment which manipulates the optical signal. Kitchenware has shrunk from accounting for 80% of the firm's sales 4 years ago, to 40% in 1999.

Capital expenditures, STONE, CLAY, AND GLASS PRODUCTS, Glass Products, Glass and Glass Product Manufacturing, Statistical Data Included, Production management, Company investment, Investments, Glass industry, Corning Inc., GLW, Fiber optics, Glass

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Rubbermaid is on a tear, sweeping away the cobwebs

Article Abstract:

Rubbermaid Inc. announced restructuring plans in January, 1998 aimed at saving $200 million by the end of the year 2000. The company has shed three businesses, started shifting production to cheaper locations and launched a $50 million television advertising campaign. Rubbermaid's board approved more changes two weeks ago which include changing global manufacturing operations and investing heavily in robotics. It will also be closing factories and expanding some of its key distribution facilities. The company has also stepped up consumer research. Changes in the retail industry, such as price reductions and growing competition, has forced Rubbermaid to reduce costs.

Company Planning/Goals, Television, Advertising Activity, All Other Rubber Product Manufacturing, Fabricated Rubber Products NEC, Rubber products, Rubbermaid Inc., Article

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Cooper Tire & Rubber takes the road less traveled; rather than battle for No. 1 spot, firm seeks pacts to remain independent

Article Abstract:

Prices of replacement tires have not been forced down by the new car makers and consequently, Cooper Tire & Rubber profit margins have fared better some others. The company also doesn't aspire to be a global leader. It is placing its focus on strategic alliances rather than mergers and acquisitions, with the plan being to remain independent. Cooper sees its recent alliance with Pirelli Tyres of Italy as a smart move, giving it a partner with an understanding of the "the rest of the world" without investing any big money.

Comment:

Company plans that the right alliances will keep it independent

Tires and inner tubes, Tires, Tire Manufacturing (except Retreading), Planning, Abstract, Tire industry, Cooper Tire and Rubber Co., CTB

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