Corning opens new glass facility in China
Back in June of 2015, Corning (GLW) announced it was planning to build a 2nd glass facility in Chongqing, China, an area ripe with display and mobile device companies. The new factory, which is based on Gen 8.5 substrates, held its opening ceremony yesterday to mark the beginning of production. This plant is Corning’s second in China, with the 1st in Beijing, ostensibly supplying China’s largest LCD producer, BOE (200725.CH) and others.
The Chongqing area, known as the ‘land of laptops’ is the home to many electronics producers including BOE and HKC (190.HK) and is under 200 miles from Chengdu, another area where a number of Chinese display plants are located. The plant will likely serve the lower portion of China, with the 1st plant serving the northern regions.
The Chongqing area, known as the ‘land of laptops’ is the home to many electronics producers including BOE and HKC (190.HK) and is under 200 miles from Chengdu, another area where a number of Chinese display plants are located. The plant will likely serve the lower portion of China, with the 1st plant serving the northern regions.
Fig.1 - Opening Ceremony at Corning's Chongqing production facility - Source: ofWeek.com
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