From the category archives:

LCD Glass

Corning in Aquisition Mode

November 25, 2009

Corning expects fourth quarter revenues to be around US$1.41 billion and Street consensus of $1.36 billion in the first quarter of 2010 according to The Wall Street Journal. Peter Volanakis, CEO of Corning, stated that the company has about $3 billion in cash and looking to for acquisition targets. Corning purchased Axygen BioScience, a laboratory [...]

Corning Taichung LCD Glass Plant Experience Power Disruption

October 20, 2009

Power Disruption Corning announced that its LCD glass plant located in the Central Taiwan Science Park, Taichung, Taiwan experienced a power disruption over the weekend from October 17 through October 18. The power disruption affected some of its glass manufacturing operations. The supply of LCD glass will have a negative impact on volume shipments in [...]

LG Chem Enters LCD Glass Market

October 1, 2009

$2.5 Billion LG Chem will invest KRW3 trillion (about US$2.5 billion) in LCD glass substrate production facilities, which are expected to be completed by 2018. The company is planning for an annual production capability of 50 million m2 equalling to about KRW2 trillion. LG Chem will become only the second LCD glass manufacturer in South [...]

Corning’s Japan LCD Glass Plant Repaired and Online

September 14, 2009

Back Online Corning announced that it has repaired its damaged LCD glass plant in Japan that was damaged due to an earthquake last month. The company estimated the revenue impact of the damaged plant of about US$22 million. On a calendar basis, demand for LCD glass is stronger in the second half. The reason being [...]

LG Display, AU Optronics (AUO), Chi Mei Optoelectronics (CMO), Nippon Electric Glass Rise

August 12, 2009

After news that an earthquake that shook Japan disrupted Corning’s Shizuoka-based LCD glass plant shares of LG Display, AU Optronics (AUO), Chi Mei Optoelectronics (CMO) and Nippon Electric Glass (NEG) rose significantly. LG Display, one of the world’s largest LCD manufacturers, increased 2 percent to a one-week high at 11:33am Seoul time according to Bloomberg. [...]

Corning Japan LCD Plant Production Disrupted by Earthquake

August 12, 2009

Earthquake Impact Production Bloomberg reported on August 11 that production at Corning’s Shizuoka-based LCD glass plant was disrupted due to an earthquake off the coast of Japan’s main island. It is not known when operations will resume. The earthquake was 6.5 magnitude and centered around 96 miles (115 km) southwest of Tokyo. Fortunately no employees [...]

Corning Expects 100 Percent Growth in Second Quarter

June 30, 2009

On June 30, 2009, Corning’s CFO James Flaws updated the company’s guidance for second quarter sequential LCD glass volume growth. The company increased its expectations for second quarter LCD glass volume shipments from an original guidance of 50 percent, to a previously upgraded guidance of 75 percent or higher to now 100 percent for its [...]

Corning Gorilla Glass in Dell Adamo

May 28, 2009

On May 27, 2009, Corning (NYSE:GLW) announced that its Gorilla glass has been designed into the Dell Adamo. The Adamo’s 13.4-inch display features an edge-to-edge cover glass. According to Alex Gruzen, senior vice president at Dell:
In designing Adamo, we set the goal of creating the thinnest notebook in the world while keeping a commitment to [...]

Corning Raises Second Quarter Guidance

May 28, 2009

Corning CEO Wendell Weeks updated attendees at the Sanford Berstein Strategic Decisions Conference in New York City:
The LCD supply chain is in full recovery mode. The LCD supply chain continues to replenish; glass supply and demand is very tight right now, much stronger than we anticipated. This has led to an imbalance… that will likely [...]

Corning Upbeat

May 21, 2009

Photo Courtesy: Reuters
On May 21, 2009, Corning’s CFO Jim Flaws said at the Reuters Global Technology Summit in New York that growing demand for FPD (flat display panel) TVs increases the chances that the dominant glass supplier will boost its estimate for the overall LCD glass market in 2009. He also shared that the time [...]


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