Optiemus forms JV with Corning to set up finished cover glass manufacturing in India

The new manufacturing unit of the finished cover glass is expected to get operational in 2024

September 01, 2023 05:19 pm | Updated 05:20 pm IST

Optiemus forms JV with Corning to set up finished cover glass manufacturing in India

Optiemus forms JV with Corning to set up finished cover glass manufacturing in India | Photo Credit: Special Arrangements

Noida based manufacturing company Optiemus and Corning on Friday announced a joint venture (JV) to establish country’s first manufacturing facility for producing finished cover glass for mobile consumer electronics industry.

Optiemus will own 70% stake in this JV and rest acquired by the U.S. based company Corning, informed Ashok Kumar Gupta, Chairman, Optiemus Infracom Limited.

The new manufacturing unit of the finished cover glass is expected to get operational in 2024 and is likely to be in Noida. The finished glass covers will be used in consumer electronics industry and in products like smartphone back and front, smartwatches, laptops, etc.

Mr. Gupta also said that Optiemus is going to apply for incentives which are very important for the project.

(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)

“We intend to emerge as one of the top manufacturers of finished cover glass parts for use in mobile consumer electronic devices in the next five years. Our collective expertise in innovation, design, and manufacturing, will provide holistic solutions for the brands,” Mr. Gupta said.

The JV aspires to contribute significantly to the creation of jobs and skill development within India’s thriving technology sector, he further added without disclosing any exact number.

“Corning is excited to work closely with Optiemus to manufacture finished cover glass parts for mobile consumer electronic devices in India. Our growing relationship is further demonstration of our continued commitment to the region and our close collaboration will support the country’s growing need for providing tough cover glass for the mobile consumer electronics industry,” said Corning.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.