Glass And Ceramics Maker Corning Sees Rising Demand For Flat-panel LCD Glass In 2Q

ROCHESTER, N.Y. (AP) - Corning Inc., the world's biggest maker of glass for flat-panel televisions and computers, reports its second quarter results before the stock market opens Wednesday. WHAT TO WATCH FOR: Signs of sustained growth in the liquid-crystal-display glass market.

Corning says demand for LCD glass could be at the high end of its 2010 forecast of 2.9 billion to 3.1 billion square feet. In 2009, it sold 2.45 billion square feet of LCD glass.
The ultrathin, unvaryingly smooth glass generates the bulk of Corning's profits and revenue, which reached $5.4 billion in 2009.
The glass pioneer has high hopes for an ultra-strong cover glass called Gorilla. Used in cell phones and other mobile devices, it generated $80 million in revenue in 2009. But if the glass is adopted by the TV market, the company predicts it could become a multibillion business within three years.
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600450 Glass And Ceramics Maker Corning Sees Rising Demand For Flat-panel LCD Glass In 2Q
Date: 28 July 2010

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