06 March 2003 03:16 [Source: ICIS news]
SINGAPORE (CNI)--Corning Inc has officially started the expansion of its liquid crystal display (LCD) glass manufacturing facility and by beginning construction of an LCD glass melting facility in the Tainan Science-based Industrial Park, Taiwan, the company said in a statement.
Corning said that with the addition of the Taiwan melting capability, it would become the only glass substrate supplier with four fully-integrated manufacturing facilities located in all three of the key LCD-producing regions -- Japan, Korea and Taiwan.
The addition of melting to the Tainan facility is a key part of Corning's long-term strategy to significantly increase its LCD glass manufacturing capacity to keep pace with the growing needs of its customers worldwide, it said.
By early 2004, the Tainan facility's melting will be operational and is expected to produce glass substrates to supply the growing number of customers installing fifth generation LCD fabrication lines.
As a world leading supplier of active matrix liquid crystal displays (AMLCD) glass substrates for flat panel desktop monitors, notebook computers, LCD-TVs and consumer electronics products, Corning's Display Technologies business revenue is expected to grow by 20%-40% annually through 2006, with much of this growth centred on its Taiwan operations, the company said.
Corning's Taiwan plant becomes the company's fourth fully integrated manufacturing facility, joining plants in Shizuoka, Japan and two Samsung Corning Precision (SCP) plants in Gumi and Asan, South Korea.
SCP is Corning's equity venture with Samsung. In addition, Corning also operates a glass melting and forming plant in Harrodsburg, Kentucky.
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