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Corning battons down the hatches for rough LCD waters

by Steven Kim posted Nov 20th 2008 at 8:55PM

Corning logoEven if the economic climate favors RPTVs for one last hurrah, things are looking grim for LCD demand -- just ask Corning, which has backed off of its previous financial guidance for the near-term future. The global economy being what it is, production from Taiwanese manufacturing plants in particular has decreased demand for the LCD glass substrates "more precipitously than expected," and similar pains are being felt at the Samsung Corning Precision Glass operation in Korea. The news gets more ominous still when the company cites uncertainty in both LCD supply chain and retail sales as reasons to decline any updated guidance for Q4 2008 or 2009. It's not all doom and gloom, of course -- this environment can play in your favor if you're in the market for a new TV.

Corning considers the color of its crystal, chooses TV glass

by Steven Kim posted Mar 13th 2008 at 12:11PM

Corning looks to divest Steuben
If you ask folks around Engadget HD to name a luxurious work of art, chances are you'll hear something like "Samsung LN70F91BD." Outside these walls, though, if you ask around a crowd of a more wine-and-cheese bent, you might get a response like "Verre de Soie Steuben Vase." Those two worlds have Corning glass in common, at least for a little while longer. On one hand, Corning is the largest supplier of glass substrates for flat panel displays. On the other, it also has a long history (since 1903) of glass artisanship in its Steuben brand. Times being what they are, though, Steuben is losing money and the flat panel display glass business accounts for about half of the company's sales, with growth expected to rise along with LCD's fortunes. Sadly, Corning is looking at either selling off Steuben or closing it down. We're hoping a buyer is found; as much as we love our TVs, we'd hate to see them associated with the end of artwork we've seen in the Corning Museum of Glass.

Samsung, LG get 2006 started off right

by Richard Lawler posted Jan 1st 2006 at 7:03AM


Does it look like April to you? Sure doesn't to me, cuz I haven't started pestering people for birthday presents yet. Anyway, Samsung's second 7G LCD production facility wasn't supposed to open till April, but they're opening today. I guess all those rumors of HDTV LCD oversupply will be coming true in the near future, because 4 screens per substrate, 45,000 substrates per month.....is a whole lot.

I wonder if you drive by the plant, they have those signs like Krispy Kreme announcing fresh....LCD's?

Edit: Looks like LG couldn't wait to get the party started either, as this later Reuters report mentions they are also kicking off production at their own seventh generation production facility, as we reported earlier. Geez man, before long everybody is going to have one, why buy an LCD when you can just get a whole LCD plant?

From LG's press release: "LG.Philips LCD will be the only panel maker who operates both 6th and 7th generation lines, which will strengthen its position as a leader in the LCD TV market.

Based on its system of fab dedication, LG.Philips LCD has developed a portfolio of facilities that concentrate on specific product categories. The 6th generation line in Gumi focuses on 32- and 37-inch TV panels while the 7th generation line in Paju will focus on 42- and 47-inch TV panels. This gives LG.Philips LCD an efficient production base, and will allow it to continue its leading role in the global standardization of LCD TV sizes."




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