Corning to Expand Generation 8 LCD Glass Production

Date: 8 May 2006
Source: News2u.net

Date: 8 May 2006

Corning Incorporated (NYSE: GLW) announced on May 1 that its board of directors recently approved a capital expenditure plan of $174 million to further expand its Generation (Gen) 8 size liquid crystal display (LCD) glass substrates manufacturing capacity at its facility in Shizuoka, Japan.

The company had previously announced that it will ship samples of its Gen 8 size LCD glass (2160 mm x 2400 mm) from this facility in the second quarter. Corning expects to begin Gen 8 commercial shipments in the third quarter, with this new capacity continuing to come on line through late 2007.In addition, Corning announced that it recently signed a supply agreement making Corning the majority glass substrate supplier for Sharp Corporation's Gen 8 fab in Mie Prefecture, which is currently under construction and expected to open later this year.Sharp's new Gen 8 factory will be focused on LCD TVs that are 40 inches and larger. Corning's new investment will add Gen 8 glass capacity to meet Sharp's future supply requirements.

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