Corning Incorporated has hosted a grand opening ceremony for a new LCD glass substrate manufacturing facility in the People's Republic of China. Located in the Beijing Economic Technological Development Area, this is the company's second thin-film facility in China. Corning will provide melting, forming and finishing capabilities up to Gen 8.5 for TFT-LCD customers, including Beijing Optical Electronics (BOE). Corning also has LCD facilities in the US, Japan and Taiwan, as well as in Korea through a 50% joint venture with Samsung Corning Precision Materials. "Our newest Beijing plant reaffirms our commitment not only to our LCD customers, but also to the growing China LCD industry. Corning recognises that China is the world's leading consumer and one of the largest producers of LCD panels for TV applications. As an industry leader in TFT-LCD glass and other advanced display products, Corning is committed to providing customers with reliable supplies across our worldwide network," said J P Clappin, President of Corning Glass Technologies. In 2010, Corning announced an US$800M investment to construct the new LCD glass substrate facility.
