Corning Holds Grand Opening Ceremony at Taichung LCD Glass Substrate Facility; Company's Second LCD Glass Substrate Plant in Tai
10 Janeiro 2006 - 11:30PM
Business Wire
Corning Incorporated (NYSE: GLW) today hosted its grand opening
ceremony of the company's LCD glass substrate facility at the
Central Taiwan Science Park in Taichung, Taiwan. Corning has built
a strong foundation in Taiwan by providing the Taiwan market with
advanced technologies and innovative products, building a close
relationship with Taiwan customers, and contributing to Taiwan's
economy. "The shared commitment between Corning, our customers and
the Taiwan government has produced a triangle of success, leading
Corning to further invest in technology and capacity to better
serve Taiwan's dynamic LCD panel industry," James P. Clappin,
president, Corning Display Technologies, said during his address to
the many officials, customers and employees gathered for the grand
opening celebration. The official opening of the Taichung facility
is a key milestone for Corning in several ways. This facility
represents Corning's largest capital investment announced for a
single manufacturing facility worldwide at approximately US$ 1.5
billion. Moreover, when complete, this facility will be among the
largest LCD glass substrate manufacturing facilities in the world
and is designed for further expansion as needed to maintain pace
with the growth of Corning's customers. Eugene A. Verdon Jr.,
president, Corning Display Technologies Taiwan, expressed his
appreciation to government officials, employees and customers who
helped make this event possible, "The end result of all your
incredible efforts is that we're standing in what will be one of
the largest LCD glass facilities in Taiwan or around the globe. Not
only do we expect Taiwan's market to grow, but we also anticipate
that the innovations and technological advances made in Taiwan will
shape the global LCD industry." "Additionally," Verdon continued,
"A team of talented, bright individuals will be vital to the
success of our business and that of the TFT-LCD industry in
Taiwan." As a result of the development of the Tainan and Taichung
facilities, Corning plans to hire and train hundreds of engineers,
skilled technical workers and commercial staff for both facilities.
For more information on career opportunities with Corning, please
visit Corning Taiwan's web site:
http://www.corning.com/tw/tc/careers/. About Corning Incorporated
Corning Incorporated (www.corning.com) is a diversified technology
company that concentrates its efforts on high-impact growth
opportunities. Corning combines its expertise in specialty glass,
ceramic materials, polymers and the manipulation of the properties
of light, with strong process and manufacturing capabilities to
develop, engineer and commercialize significant innovative products
for the telecommunications, flat panel display, environmental,
semiconductor, and life sciences industries. Forward-Looking and
Cautionary Statements This press release contains forward-looking
statements that involve a variety of business risks and other
uncertainties that could cause actual results to differ materially.
These risks and uncertainties include the possibility of changes or
fluctuations in global economic and political conditions; tariffs,
import duties and currency fluctuations; product demand and
industry capacity; competitive products and pricing; manufacturing
efficiencies; cost reductions; availability and costs of critical
components and materials; new product development and
commercialization; order activity and demand from major customers;
capital spending by larger customers in the liquid crystal display
industry and other businesses; changes in the mix of sales between
premium and non-premium products; facility expansions and new plant
start-up costs; possible disruption in commercial activities due to
terrorist activity, armed conflict, political instability or major
health concerns; ability to obtain financing and capital on
commercially reasonable terms; adequacy and availability of
insurance; capital resource and cash flow activities; capital
spending; equity company activities; interest costs; acquisition
and divestiture activities; the level of excess or obsolete
inventory; the rate of technology change; the ability to enforce
patents; product and components performance issues; changes in key
personnel; stock price fluctuations; and adverse litigation or
regulatory developments. These and other risk factors are
identified in Corning's filings with the Securities and Exchange
Commission. Forward-looking statements speak only as of the day
that they are made, and Corning undertakes no obligation to update
them in light of new information or future events.
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