Create a free Manufacturing.net account to continue

Corning: LCD Demand Continues To Be Strong

World’s biggest maker of liquid-crystal-display glass for TVs and laptops said outlook for the 2010 LCD glass market is better than it had previously expected.

CORNING, N.Y. (AP) -- Corning Inc., the world's biggest maker of liquid-crystal-display glass for TVs and laptops, said Wednesday the outlook for the 2010 LCD glass market is better than it had previously expected.

"Fourth-quarter demand is strong enough that if we could produce more glass, we would be able to sell it," said Vice Chairman and Chief Financial Officer James B. Flaws in a statement.

Based on the strength of the current quarter, the market in 2010 "could be larger than what we previously thought," he added.

The company now expects fourth-quarter glass volume to be "flat to up slightly," compared with its previous expectations of "flat to down slightly."

Corning based its improved outlook on the "continued strength" in worldwide sales of LCD television sets. It said year-over-year sales grew 45 percent worldwide in October.

"In the U.S., LCD TV sales remained strong throughout all of November, including the week of Black Friday," Flaws said.

Corning shares fell 12 cents to $17.77 in morning trading.

More in Industry 4.0