April 11, 2011 – BUSINESS WIRE — Corning Incorporated (NYSE: GLW) said today the company plans to maintain production levels at its Shizuoka and Sakai City LCD glass facilities during Sharp Corporation’s temporary production curtailment of LCD panels.
"Sharp has informed us they are significantly curtailing operations at their Gen 8 and Gen 10 panel making facilities for a period of time. We intend to continue to maintain our own production levels at both of our Japan manufacturing facilities to replenish LCD glass inventories and provide glass to other geographic regions," said James B. Flaws, vice chairman and chief financial officer.
"The decision by Sharp has no impact on our Corning Gorilla Glass operations in Japan. Demand for Gorilla Glass continues to be very strong."
Corning will provide additional details when it announces first-quarter results on April 27.
Corning Incorporated provides specialty glass for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology. Learn more at www.corning.com
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