Asahi Glass to produce LCD glass substrate in S Korea

Asahi Glass Co said Monday it will start manufacturing and marketing glass substrates for thin film transistor liquid crystal displays in Gumi, South Korea, by establishing a new subsidiary by the end of May to meet the projected rise in local demand.

Asahi Glass, Japan's biggest glass maker, said it will invest approximately 9 billion yen to set up a polishing line to start commercial production of LCD glass substrates in July 2005.Construction of the line is scheduled to start in August.

600450 Asahi Glass to produce LCD glass substrate in S Korea

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