Corning Announces Investment In Gen 10 LCD Glass Substrates

Date: 7 December 2007
Corning  Incorporated on Dec 5, 2007 announced that its  board of directors has approved a five-year capital  expenditure plan of $795 million to co-locate a glass  manufacturing facility at Sharp Corporation's plant in  Sakai City, Osaka Prefecture, Japan.

Corning's investment will be incurred over a five-year  period, with an initial capital expenditure of $400 million  in 2008.Glass substrate production from the new facility is  expected to meet Sharp's plan to begin mass production of  LCD panels for large televisions at its new fab by March  2010.

This investment will enable Corning to be the first  manufacturer of TFT-grade Gen 10 substrates and the primary  supplier of Sharp's Gen 10 glass needs. At 2850 mm x 3050  mm, Gen 10 will be the largest LCD glass substrate

available. The Gen 10 substrates manufactured at this  facility will use Corning's revolutionary EAGLE XG(TM)  glass composition. As the first LCD glass to contain no  added heavy metals or halides, EAGLE XG is the most

environmentally friendly LCD glass on the market.

600450 Corning Announces Investment In Gen 10 LCD Glass Substrates
Date: 7 December 2007

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