Corning to Expand LCD Glass Production
September 18, 2000
Corning Inc. will reportedly invest an additional $250 million to increase production of its active matrix liquid crystal display (AMLCD) glass. The capital expenditure will be used to expand capacity at the company’s facility in Harrodsburg, Ky., at Corning Japan K.K.’s facility in Shizuoka, Japan, and Corning Taiwan Glass Co.’s facility in Tainan, Taiwan.
Corning’s latest investment, in addition to previously announced investments dating from late 1999 totaling more than $500 million, will allow the company to triple its worldwide capacity by the end of 2001.