CORNING, N.Y. (AP) -- Corning will maintain production levels at its two Japanese plants despite a temporary LCD television panel production cut at Sharp Corp.
The glassmaker said Friday that it was told by Sharp that there would be a significant cut in production for a period of time, with Japanese manufacturing still reeling from the March 11 earthquake and tsunami that damaged assembly and parts-making factories.
Corning said it will keep making LCD glass to replenish inventories and provide glass to other regions. The company said it will give additional details on production when it announces first-quarter results on April 27.
Shares of Corning Inc., based in Corning, N.Y., rose 5 cents to $20.25 in premarket trading Friday.
The glassmaker said Friday that it was told by Sharp that there would be a significant cut in production for a period of time, with Japanese manufacturing still reeling from the March 11 earthquake and tsunami that damaged assembly and parts-making factories.
Corning said it will keep making LCD glass to replenish inventories and provide glass to other regions. The company said it will give additional details on production when it announces first-quarter results on April 27.
Shares of Corning Inc., based in Corning, N.Y., rose 5 cents to $20.25 in premarket trading Friday.