Corning sees world substrate demand tripling by 2007

Corning Inc. expects global demand for glass used to make liquid crystal displays to triple by 2007 from 500 million square feet (46.45 million square meters) in 2004, said James P. Clappin, president…

Corning Inc. expects global demand for glass used to make liquid crystal displays to triple by 2007 from 500 million square feet (46.45 million square meters) in 2004, said James P. Clappin, president of Corning“s display technologies division, on 11 January 2006. By 2007, Taiwan“s thin film transistor LCD manufacturers will account for 44% of global demand for LCD glass, while their South Korean counterparts will likely account for 32%, said Corning Display Technologies Taiwan Co. President Eugene A. Verdon, Jr. Speaking to reporters at the opening of the Corning“s new plant in Taichung, central Taiwan, Clappin said the factory “has the potential to become the world“s largest producer of LCD glass substrates”, although he declined to disclose the capacity of the facility, which cost USD 1.5 billion to build, making it the most expensive of Corning“s factories worldwide. South Korea is the world“s largest TFT-LCD producer by shipments, followed by Taiwan. But 2006 will be a “pivotal year” for Taiwan“s TFT-LCD companies as their annual consumption of LCD glass substrates will overtake South Korea“s, said Jim Terry, a manager at Corning“s worldwide communications display technologies division. In 2005, Taiwan“s TFT-LCD makers consumed the same amount as their South Korean competitors, purchasing 27.87 million square meters of the 74.32 million square meters of glass substrates sold worldwide, Terry said. In 2004, Taiwan“s TFT-LCD makers consumed 16.26 million square meters of glass substrates, while South Korean companies consumed a much larger amount, he said, without elaborating.