Corning is courting 3 prospective buyers for its closed CRT glass...
Corning is courting 3 prospective buyers for its closed CRT glass plant in State College, Pa., but it may be 2 years before the facility is productive again, Rick Weakland, Corning’s dir.- corp. real estate, told the Centre Daily…
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Times. The former glass plant, which closed last year, will take another 3-6 months to clean and empty, a Corning spokesman said. Corning sold its glass making equipment to tube maker Henan Anyang, which is moving the gear to China. The factory’s prospective buyers include a potential manufacturer and a developer that might be interested in leasing space in the facility to others, Weakland said. Corning is working closely with State College officials to market the plant, which might sell for $10-$15 million with its 100 acres included, Weakland said. If a buyer had no use for the plant and wanted to redevelop the land, it might be worth $2-$5 million, he said. Meanwhile, Corning has begun talks with Pa. environmental regulators on a consent agreement that will identify areas of contamination on the State College property and detail Corning’s plan to eliminate them before leaving. Lead levels in the water discharged from the factory exceeded permitted limits 43 times last year, Pa. Dept. of Environmental Protection records show, the Daily Times reported. Mike Welch, DEP environmental cleanup program mgr., said Corning gave the DEP formal notice of its “intent to remediate” the property before leaving. Chemicals at the plant include cleaning solvents and lubricants, Welch said.