Corning says no problems with supply

In response to rumors regarding current and future glass substrate supply shortages, Verdon A. Eugene Jr., president of Corning Display Technologies Taiwan, stated there is no reason to assume Corning will not meet the supply expectations from customers, according to a press release issued by the company.A recent article by Korea-based market research firm DisplayBank stated that AU Optronics (AUO) was suffering from unstable supply of glass substrates from Corning and low yields.

AU Optronics (AUO), Chi Mei Optoelectronics (CMO), Chunghwa Picture Tubes (CPT) and Innolux Display, have all signed long-term contracts with Corning to guarantee sufficient supply of next-generation glass substrates, and Verdon stated that Corning has always met its LCD glass supply commitments to its customers and will continue to meet its current and future supply agreements.

Corning also clarified that its second Taiwan facility in Taichung remains on track to begin test production this quarter and the company expects to begin producing and shipping larger-size glass substrates from this facility in the fourth quarter of this year.

600450 Corning says no problems with supply

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment