Corning: 25%-30% rise in glass substrate demand

Global glass demand will likely rise 25%-30% in 2008, driven mainly by increasing sales of flat-panel televisions, the president of Corning Display Technologies Taiwan Co., Alan Eusden, said 11 June 2…

Global glass demand will likely rise 25%-30% in 2008, driven mainly by increasing sales of flat-panel televisions, the president of Corning Display Technologies Taiwan Co., Alan Eusden, said 11 June 2008. Demand for flat-panel televisions will rise to 132 million units in 2009 from 79 million units in 2007, Mr. Eusden said in a speech at the Display Taiwan 2008 Business & Technology Forum in Taipei. This will increase demand for glass used in flat-panel TVs to 1.45 billion square feet (134 million square meters) next year from 840 million square feet (78 million square meters) in 2007, He gave no forecasts for 2008. He said television sales in the US will likely rise to 29 million in 2008 from 23 million last year. Growth in demand for LCD glass substrates is strongest in eighth-generation flat panel production plants, indicating growth in demand for large TVs, Mr. Eusden said. These facilities are optimized to produce panels larger than 50 inches. He said he expects glass demand for 8G production lines to grow fivefold in 2009 from 2007. Corning Display Technologies Taiwan is a wholly owned unit of Corning Inc. (GLW) of the US, which has more than 50% of the market in LCD screens used in digital TV sets and computer monitors, according to industry research agency Display Search.