Corning: LCD production levels maintained

Corning Inc. has announced it plans to maintain production levels at its Shizuoka and Sakai City LCD glass plants despite temporarily cuts in production of LCD panels by Sharp Corp. – a major customer…

Corning Inc. has announced it plans to maintain production levels at its Shizuoka and Sakai City LCD glass plants despite temporarily cuts in production of LCD panels by Sharp Corp. – a major customer of Corning – due to manufacturing issues caused by the earthquake in Japan on 11 March. Corning CFO James B. Flaws said, in a statement that while Sharp is cutting production from its glass panel manufacturing: We intend to continue to maintain our own production levels at both of our Japan manufacturing facilities to replenish LCD glass inventories and provide glass to other geographic regions. The decision by Sharp has no impact on our Corning Gorilla Glass operations in Japan. Demand for Gorilla Glass continues to be very strong.