Corning Taichung facility gets OK to ship LCD glass substrates

Date: 21 December 2005
Source: Digitimes.com

Date: 21 December 2005

Corning announced that it has received the necessary government certificates to begin shipping LCD glass substrates from its Taichung manufacturing facility.The company has been collaborating with customers for several months in preparation for supplying substrates from the new Taichung plant.

This announcement is in line with previous announcements that the company would be prepared to ship substrates to customers from this facility during 2005.

The company expects to begin shipping TFT-grade glass to its customers this month.

Corning broke ground on the Taichung facility last July and expects to hold its official grand opening ceremony in January 2006. Corning's board of directors recently approved an additional capital expenditure plan of US$425 million for the third-phase expansion of the Taichung facility, bringing the total capital expenditure for the new plant to about US$1.5 billion.

The majority of the phase three expenditure will be incurred during 2006 and 2007. The Taichung facility will ultimately manufacture 5.5-generation (5.5G), 6G, 7.5G and larger glass substrates for panels to be used in monitors and TVs.
600450 Corning Taichung facility gets OK to ship LCD glass substrates glassonweb.com

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Corning, AGC Glass-substrate Capacity Expansion Projects Unit: 1 furnace Company Location 2004 2005 2006 Corning U.S.
Japan 1 2 1 S. Korea 6 6 3 Southern Taiwan 4 2 0 Central Taiwan 0 4 2 AGC Japan 0 1 1 Taiwan (Yunlin) 1 1 1 Source: PIDA (Photonic Industry & Technology Development Association) Taiwan TFT-LCD Panel Makers Happy to See Substrate-price Falls in 2006 Taipei, Dec. 27, 2005 (CENS)--Both of the world's top-two glass-substrate makers are actively expanding their production capacity in Taiwan, which is expected to cut substrate transportation time and cost for local thin film transistor-liquid crystal display (TFT-LCD) panel makers and boost production efficiency, according to Michael Wang, project manager and senior analyst of Taiwan's PIDA (Photonic Industry & Technology Development Association).According to Wang, Asahi Glass Co. (AGC) of Japan has solved problems in lowering the defect-free rate for the production of fifth- and sixth-generation (5G, 6G) glass substrates, and is expected to tap the market with products with higher price competitiveness in 2006 to grab more market share in the 6G substrate businessIn addition, Wang added, the aggressive capacity added by both Corning of the U.S., the world's No. 1 substrate supplier, and AGC, the No. 2, will lead to price drops for glass substrates and will especially benefit TV panel makers such as AU Optronics Corp. (AUO) and Chi Mei Optoelectronics Corp. (CMO) in TaiwanCurrently, Wang pointed out, a 6G substrate is priced at about 27,000 to 30,000 Japanese yen, about 1,000 to 2,000 yen lower than in the third quarter of 2005.

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