The company said that the power disruption is expected to have a material impact on its glass volume in the fourth quarter.
Corning Inc. recently announced that its LCD glass manufacturing facility in Taichung, Taiwan, experienced a power disruption that affected some of its glass-making operations. The company said that the disruption is expected to have a material impact on glass volume in the fourth quarter.
“The majority of our Taichung glass production continues to operate normally,” said James B. Flaws, vice chairman and chief financial officer. “However, the power disruption caused the shutdown of several of our glass melting tanks. We are in the process of determining how much glass melting capacity was affected, the time to repair the tanks, and the impact on our glass volume available for customers.”
Corning said its preliminary assessment of the impact is that fourth quarter glass volume now could be flat to down slightly sequentially. Without the power disruption, the company said it believes quarterly glass volume would have increased by as much as 5%.
“We are doing everything possible to accelerate repairs and leverage our worldwide supply chain to secure additional glass supply,” said Flaws.
For more information, visit www.corning.com