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Corning to expand Taiwan LCD glass manufacturing plant

Posted: 29 Jul 2003 ?? ?Print Version ?Bookmark and Share

Keywords:corning? lcd glass? optical fiber?

Corning Inc., a manufacturer of optical fiber, cable, hardware, and equipment in the telecommunications segment, has announced that its board of directors has approved the first of a three-phased, $180 million capital expenditure plan to expand and enhance the company's LCD glass manufacturing facility in the Tainan Science-based Industrial Park, Taiwan. The expansions are expected to be completed by year-end 2004 and production to be initiated by Q2 of 2004.

According to Corning, the new, three-phased investment is expected to more than double the plant's capacity for melting, forming, and finishing of Generation 5 glass substrates, while providing additional melting and forming capacity for both Generation 5 and 6 substrates. Expansion and construction will be phased in to meet anticipated market growth.

Corning believes that the LCD market will continue to grow, driven by increased market penetration of LCD desktop monitors, continued growth in sales of notebook computers, increased average screen size, and growth in LCD TV receivers.

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