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With the increasing sales of LCD televisions and personal computers mainly in fast growing countries, the worldwide market for flat panel displays is expected to continue to grow at a rate of over 10% annually. In particular, demand for TFT-LCD panels is surging in China, and production bases for large-sized LCD panels are scheduled to be set up one after another in the region, which will in turn further boost the demand for large-sized glass substrates used for panel production.
AGC has been supplying orders from China by shipping from the existing production bases in Japan, South Korea and Taiwan. In response to growing demand for large-sized glass substrates, the company announced the construction of a processing facility in Kunshan, China last March, and volume production will commence in or after the middle of this year. The company has now decided to set up a second processing facility in the country and enhance the production system of the AGC Group in order to ensure that the group catches up with the demand in the Chinese market.
For additional details, visit www.agc-group.com/en.