Glass firm says LCD demand cracking on

Glass manufacturer Corning is upbeat about the LCD glass market, even while manufacturers of panels, and makers of monitors worry about continuing oversupply and lack of demand.

Corning said it thinks the LCD glass market will grow between 40 and 60 per cent in 2005, with a CAGR of 40 per cent right through until 2007.The president of Corning, Peter Volanakis, said that the majority of recent growth in LCD glass has been for notebook computers and desktop monitors, but claimed LCD TVs will be the "third wave" of glass demand.According to Corning, LCD TVs represented five per cent of all televisions sold in 2004 and will reach 10 per cent this year.By 2007, he thinks that LCD TVs may represent 21 per cent of goggle box sales.

But he warned investors not to look just on sales of TVs in the USA, but to watch global market demand and trends. Seventy five per cent of the TVs in the world are sold outside North America.

He thinks that LCD TVs smaller than 40 inches will be the primary alternative because of a balance of form, function and cost. Eighty five per cent of LCD glass Corning supplied last year was used for notebooks, for mobile phones, for desktop monitors and for other devices like digicams and the like.

Samsung recently rolled out generation seven of its LCD panels, but Corning is already developing generation eight - which the firm said will allow the manufacturers to cut down on production costs.

So Corning is very optimistic indeed about LCD TVs. This somewhat contradicts market analysts who wonder just who is going to buy all of this glass, and wait for prices to continue to tumble

600450 Glass firm says LCD demand cracking on
Date: 8 February 2005

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.
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.
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.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
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 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