Corning Opens Gen 10.5 plant in Guangzhou

Corning Opens Gen 10.5 plant in Guangzhou
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Corning (GLW) held an opening ceremony at its Gen 10.5 glass substrate plant in Guangzhou, the company’s 3rd Gen 10.5 plant in Mainland China and Corning’s 7th glass plant in China.  There is one Gen 10.5 LCD display fab in Guangzhou, which is owned by Sharp (6753.JP) and Foxconn’s (2354.TT) Chairman Terry Gou.    While Sharp has a Gen 10.5 LCD fab I Japan, the China Gen 10.5 fab had been delayed during the early stages of COBID-19, and given Corning’s careful expansion plans, Sharp has likely given the ok for the fabs phase 2 build out, which was originally scheduled for earlier this year, before the COVID-19 delay, which would double the fab’s capacity to 90,000 sheets/month and make it worthwhile for Corning to build a plant nearby.
Corning has also agreed to a strategic cooperation framework with Shenzhen based Tianma (000050.CH) to develop applications that encompass Corning’s ColdForm technology, which allows for Gorilla Glass to be processed (ion exchange, etc.) and then bent and formed without the use of what would typically be a hot molding process done before processing.  While allowing for the same automotive design shaping that hot molding allows, all of the process steps can be completed before forming, making processing considerably easier and less expensive.  Additionally both companies will conduct joint research toward the development of new products in automotive and the CE space.
 

Corning Guangzhou Facility Opening Ceremony – Source: Aijiwei