Corning To Invest $800 Mln In China LCD Glass Plant

Date: 23 July 2010
Source: The Wall Street Journal
HONG KONG (Dow Jones)--Corning Inc. (GLW), the world's biggest supplier of glass used in flat-screen televisions, said it will invest about US$800 million to build an advanced liquid-crystal-display glass manufacturing facility in Beijing in response to rapidly increasing market demand for flat-screen televisions and computers.  The Corning, New York-based company said in a statement Wednesday the facility will have up to 8.5-generation glass-melting and finishing capabilities.

Such a plant can churn out glass sheets used to make television panels bigger than 50 inches.
 
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