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Corning To Invest $800 Million In LCD Glass Facility In China

Corning is betting large on China and the company's board of directors approved major capacity investments. On July 21, 2010 Corning announced it will invest approximately US$800 million to construct a new LCD glass substrate facility in the China (press release). Corning will locate the new facility in the Beijing Digital TV Industry Park within the Beijing Economic Technological Development Area. The manufacturing plant will have up to Gen 8.5 glass-melting and finishing capabilities with ground breaking planned for September and production expected to commence in the first half of 2012. For more details visit DisplayBlog.

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