Corning sees LCD glass market growth

Date: 26 March 2004
Source: Reuters.com

Date: 26 March 2004

Corning Inc., the world's largest maker of fiber-optic cable, on Wednesday said it expects the market for liquid crystal display glass to grow up to 50 percent annually over the next several years thanks to strong demand for such products as laptop computers.

The Corning, New York-based company said it expects global LCD glass market volume will grow between 30 percent and 50 percent for the next several years and growth in 2004 will be at the top half of that range.Corning also cited the continued penetration of LCD glass in desktop monitors and the emergence of LCD televisions.Corning Senior Vice President Donald McNaughton cited the company's recent increased first-quarter forecast for LCD demand."We are very pleased to see strong demand continuing in quarter one and we are focusing our efforts to accelerate additional capacity to better serve the industry," he said in a statement.

Notebook computer sales should continue to be a stable source of demand for LCD glass, as total notebook penetration of the computer market could reach 30 percent by 2006, Corning said.

"LCD monitors are on track to displace traditional cathode ray tubes as the display of choice this year and remain on pace to exceed 75 percent of monitors sold by 2006," McNaughton said.

He added that Corning expects LCD TVs to be up to 16 percent of the worldwide TV market within three years.
600450 Corning sees LCD glass market growth glassonweb.com

See more news about:

Others also read

MORE...

R.O. has designed and produced a powerful Parametric Shape management system
The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Glass Confusion to start Beginning Fusing Classes
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Shoaib Akhtar to endorse Asahi Glass
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
DisplaySearch: Global glass-substrate capacity to grow 40% each quarter
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania glass industry going the way of steel
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Another glass plant closes doors
Christmas got a little bluer for the local glass industry this week with the closure of yet another plant.

Add new comment