Corning today hosted its grand opening ceremony of the companys LCD glass substrate facility at the Central Taiwan Science Park (CTSP) in Taichung, with the facility representing Cornings largest capital investment announced for a single manufacturing facility worldwide at approximately US$ 1.5 billion.Once the companys second LCD glass substrate plant in Taiwan is complete, it will be among the largest LCD glass substrate manufacturing facilities in the world, and even then, the facility is designed to support further expansion.Expansion will continue through 2007, and the Taichung facility will ultimately manufacture 5.5-generation (5.5G), 6G, 7.5G and larger glass substrates for panels to be used in monitors and TVs.In October of last year, James P.
Clappin, president, Display Technologies was quoted as saying that the production lines at the Taichung plant will meet demand from customers in Japan and Taiwan.
Corning CFO Jim Flaws was recently cited in a report on TheStreet.com as saying that LCD glass shipments will grow about 41% a year.