Corning Holds Grand Opening Ceremony for LCD Glass Plant in China
28 Marzo 2008 - 2:00AM
Business Wire
Corning Incorporated (NYSE:GLW) today hosted a grand opening
ceremony for the company�s new liquid crystal display (LCD) glass
substrate manufacturing facility in the People�s Republic of China.
The plant, located in the Beijing Economic Technological
Development Area, is the company�s first TFT-LCD glass production
facility on the China mainland. The opening continues Corning�s
trend of entering an LCD-producing region as local market demand
expands. Corning currently has LCD glass facilities in the U.S.,
Japan, Korea and Taiwan. �Today marks the latest chapter in
Corning�s history of investment in China, where our businesses have
responded to the varied needs of the region�s many high-technology
industries,� said Wendell P. Weeks, chairman and chief executive
officer, Corning Incorporated. �This plant reflects our commitment
to grow with our customers and to support one of China�s most
important industries.� John P. Bayne, president, Corning Display
Technologies China, hosted the grand opening celebration, together
with Weeks and James P. Clappin, president, Corning Display
Technologies. �As an industry leader in TFT-LCD glass and other
advanced display products, Corning is committed to providing
customers with reliable supply across our global network,� said
Bayne. �This facility demonstrates our commitment to China and the
growing TFT industry. We have added and will continue to add many
people to our organization, including highly skilled technicians
and engineers, as we continue to ramp operations over the coming
months.� Previously, Corning stated that it expects global demand
for liquid crystal display glass to grow 25% to 30% in 2008,
representing an increase of more than 450 million square feet of
glass to about 2.2 billion square feet by year-end. While much of
that growth is driven by the demand for LCD televisions, smaller
applications like LCD monitors, notebooks, and portable devices are
also strong factors in overall glass demand. About Corning
Incorporated Corning Incorporated (www.corning.com) 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. Forward-Looking and Cautionary Statements
This press release contains forward-looking statements that involve
a variety of business risks and other uncertainties that could
cause actual results to differ materially. These risks and
uncertainties include the possibility of changes in global economic
and political conditions; currency fluctuations; product demand and
industry capacity; competition; manufacturing efficiencies; cost
reductions; availability of critical components and materials; new
product commercialization; changes in the mix of sales between
premium and non-premium products; new plant start-up costs;
possible disruption in commercial activities due to terrorist
activity, armed conflict, political instability or major health
concerns; adequacy of insurance; equity company activities;
acquisition and divestiture activities; the level of excess or
obsolete inventory; the rate of technology change; the ability to
enforce patents; product and components performance issues; stock
price fluctuations; and adverse litigation or regulatory
developments. Additional risk factors are identified in Corning�s
filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the day that they are
made, and Corning undertakes no obligation to update them in light
of new information or future events.
Grafico Azioni Corning (NYSE:GLW)
Storico
Da Lug 2024 a Ago 2024
Grafico Azioni Corning (NYSE:GLW)
Storico
Da Ago 2023 a Ago 2024