MANHASSET, N.Y. Corning Inc. has approved a capital expenditure plan of $174 million to further expand its Gen 8 size liquid crystal display (LCD) glass substrate manufacturing capacity at its Shizuoka, Japan plant.
In addition, Corning announced that it recently signed a supply agreement to be the majority glass substrate supplier for Sharp Corp.’s Gen 8 fab
in Mie Prefecture, now under construction and expected to open later this year.
Corning (Corning, N.Y.) had previously announced that it will ship samples of its Gen 8 size LCD glass (2160 mm x 2400 mm) from this facility in the second quarter. Corning expects to begin Gen 8 commercial shipments in the third quarter, with this new capacity continuing to come online through late 2007.
The Gen 8 substrates manufactured at the facility will be Corning's Eagle XG
glass, launched commercially in March. Environmentally-friendly glass is free of heavy metals as well as halides, according to the company.
"Sharp is a very important customer for us here in Japan, and we are pleased to continue our strong, long-term relationship with them. We are excited to announce both the expansion of our Gen 8 capacity at Shizuoka and the supply agreement. These will enable Corning to continue to meet Sharp's demand for a reliable supply of pristine substrates," said Akihisa Mitsuhashi, president, Corning Japan K. K., in a statement.
Corning continues to expand glass production for the LCD TV market, with the most recent move its announcement of a glass finishing plant in Beijing.