Corning Sees Continued Strength In LCD TV Sales

Date: 16 March 2010
Source: Corning
CORNING, N.Y., March 15, 2010 – Investors got a first look today inside Corning Incorporated’s (NYSE:GLW) new Generation 10 LCD glass substrate facility in Sakai City, Japan, and heard good news about worldwide LCD TV retail sales.

During the facility tour, Jim Clappin, president, Corning Display Technologies, told investors that retail data for the first part of this year shows robust demand for LCD TVs."In China, January LCD TV sales were up 53%. This is in line with our expectations, given that a portion of Chinese New Year occurred in January last year,” Clappin said. “In Japan, LCD TV sales were also very strong, up 79% in January and 65% in February.” Clappin added that European retail sales grew as well, up 12% in January. In the U.S., LCD TV sales for the two months combined were comparable to sales during the same time period last year. “This is in line with our expectations, as sales last January may have been higher due to inventory liquidation at Circuit City and the original digital conversion deadline in February." The retail data is the result of reports from a variety of independent consumer market research organizations (NPD, GFK, BCN, and CMM) and the company’s internal analysis.
Clappin also noted that panel prices for the first two months continued to be firm. "This is important as it is an indication that panel demand continues to be strong, which suggests there is strength further down the supply chain. Panel maker utilization rates also remain high. As a result, we continue to ship everything that we can make."
The company had no changes to its guidance for its first-quarter results or 2010 LCD glass market expectations.
Corning’s Gen 10 LCD glass facility in Sakai City broke ground in 2007 and began shipments last year. Corning is the first manufacturer of TFT-grade Gen 10 substrates. At 2880 mm x 3130 mm, Gen 10 is the largest LCD glass substrate available. The Gen 10 substrates manufactured at this facility use Corning’s revolutionary EAGLE XG™ glass composition, the most environmentally friendly LCD glass on the market.
About Corning Incorporated
Corning Incorporated ( is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.

600450 Corning Sees Continued Strength In LCD TV Sales
Date: 16 March 2010
Source: Corning

See more news about:

Others also read

Joint study by Corning and Ford showcases the benefits of using Gorilla Glass for Automotive in windshield applications.   Random stones are one of the biggest reasons windshields need replacing.
Corning hosts second Glass Summit to inspire new thinking about emerging applications for glass.   Glass experts from Corning, academia, funding agencies, and other facets of the industry meet and discuss the future direction of glass science around the globe.
Iris™ Glass earns honors for enabling thinner displays with low-color shift - Corning Incorporated’s light-guide plate solution, Iris™ Glass, has received a 2016 Display Component of the Year award from the Society for Information Display (SID).
Corning Incorporated today announced the results of a recently delivered joint research paper with the Ford Motor Company about the damage resistance of thin, lightweight glass for automotive windshields.
Corning’s specialty glass is finding myriad new applications in industries such as retail  Corning first introduced its vision for advanced glass technologies back in 2011 with its “A Day Made of Glass” video series.
Glass Performance Days (GPD) will present a Learning Event entitled "The Art of Modern Glass Architectural Applications" on Thursday 10th March, in co-operation with The Glass Innovation Institute and alongside the Glass Window and Door Expo in Istanbul, Turkey.

Add new comment