ROCHESTER, New York (AP) -- Corning says it expects its annual revenue to grow by more than 50 percent in the next three years to around $10 billion, driven by surging demand for ultra-thin glass used in television monitors and touch-screen tablets.
The specialty glass maker, which is holding its annual investor meeting Friday, is the world's biggest maker of liquid-crystal-display glass for flat-panel TVs and computers.
The company predicts the global appetite for LCD-TVs and mobile devices will drive an anticipated leap in LCD-glass industry volume to around 5 billion square feet (0.46 billion square meters) in 2014 from more than 3 billion square feet (0.28 billion square meters) now.
Corning shares rose 30 cents, or 1.3 percent, to $22.87 in pre-market trading.
Based in western New York, Corning accounts for more than 60 percent of the LCD glass market.
The specialty glass maker, which is holding its annual investor meeting Friday, is the world's biggest maker of liquid-crystal-display glass for flat-panel TVs and computers.
The company predicts the global appetite for LCD-TVs and mobile devices will drive an anticipated leap in LCD-glass industry volume to around 5 billion square feet (0.46 billion square meters) in 2014 from more than 3 billion square feet (0.28 billion square meters) now.
Corning shares rose 30 cents, or 1.3 percent, to $22.87 in pre-market trading.
Based in western New York, Corning accounts for more than 60 percent of the LCD glass market.
