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Nippon Electric Glass to increase LCD substrate capacity

Nippon Electric Glass Co. will invest about JPY 20 billion to increase production capacity for LCD glass substrates in response to rising demand for large next-generation panels, a company spokesman s…

Nippon Electric Glass Co. will invest about JPY 20 billion to increase production capacity for LCD glass substrates in response to rising demand for large next-generation panels, a company spokesman said 4 February 2005. The company will install a furnace in August 2005 to make 2-meter-wide glass substrates at its key plant in Shiga prefecture, central Japan, mainly for supplies to South Korean and Taiwanese manufacturers. As a result, monthly output capacity at the plant will increase 40% to 1.4 million square meters. Nippon Electric Glass will also spend JPY 3 billion to add new glass panel processing facilities to its plant in South Korea in spring 2005. The investment will help boost its glass processing capacity there to 550,0000 – 600,000 square meters a month from the current 350,000 square meters. Meanwhile, it will also spend JPY 6 billion to construct new glass processing lines in Taiwan by autumn 2005, increasing monthly capacity to 600,000 square meters from the current 150,000 – 160,000 square meters.

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