ROSEMONT, Ill., March 15, 2014 /PRNewswire/ -- World Kitchen, LLC
and Corning Incorporated (NYSE:GLW) today announced they have
entered into a strategic cooperative agreement to explore new
technology options in the area of housewares. The agreement
provides World Kitchen, one of the nation's leading housewares
companies, the opportunity to work with Corning on glass and
ceramic technologies, which could lead to new product development
for the housewares industry.
"Our largest brands still benefit from glass and glass ceramic
technologies developed when we were part of Corning," said
Carl Warschausky, CEO, World
Kitchen. "We are excited to work with a market leader in
glass and glass ceramic materials, and look forward to a long and
fruitful collaboration on possible new consumer housewares
products."
"We have exciting new advances in glass and ceramic
technologies, and we look forward to collaborating on how we might
apply these to new housewares solutions," said Henry Dunnenberger, Business Director, Corning
Innovative Glass Solutions.
Corning divested its consumer products division in 1998 to a
private equity firm, which consolidated this business into what is
now known as World Kitchen. The collaboration is expected to
aid World Kitchen in the development of glass and glass ceramic
products that provide added versatility, durability and
functionality. In addition, it should expand the
possibilities for new colors, finishes and decorations, allowing
for new designs and patterns. This agreement is expected to result
in new products as early as the next two to three years.
About World Kitchen, LLC
Headquartered in Rosemont, Ill.,
World Kitchen and its affiliates manufacture and market metal
cookware, glass, ceramic and metal bakeware, tabletop products,
cutlery and kitchen tools sold under well-known brand names,
including Baker's Secret®, Chicago Cutlery®, Corelle®,
CorningWare®, EKCO®, Magnalite®, OLFA®, OLO®, Pyrex®, Revere®,
Snapware® and Visions®. The Pyrex and CorningWare trademarks are
used under license from Corning Incorporated.
World Kitchen and its affiliates employ approximately 3,000
people, and have major manufacturing and distribution operations in
North America and Asia-Pacific regions. For more information,
visit http://www.worldkitchen.com.
About Corning Incorporated
Corning Incorporated
(www.corning.com) is the world leader in specialty glass and
ceramics. Drawing on more than 160 years of materials science and
process engineering knowledge, Corning creates and makes keystone
components that enable high-technology systems for consumer
electronics, mobile emissions control, telecommunications and life
sciences. Our products include glass substrates for LCD
televisions, computer monitors and laptops; ceramic substrates and
filters for mobile emission control systems; optical fiber, cable,
hardware & equipment for telecommunications networks; optical
biosensors for drug discovery; and other advanced optics and
specialty glass solutions for a number of industries including
semiconductor, aerospace, defense, astronomy, and metrology.
Contact:
Molly Sheehan
Zeno Group
312-396-9743
molly.sheehan@zenogroup.com
SOURCE World Kitchen, LLC