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Tuesday, 24 July 2012 - Corning, Samsung to build $600 million LCD glass plant in China |
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Another equity venture of Samsung and Corning, Samsung Corning Precision Materials Co Ltd, will be idling some of its LCD glass manufacturing capacity in Korea and shift some capacity to the new facility in China. The new joint venture in China is expected to be formed later this year, pending a final signed agreement between Corning's Singapore unit and Samsung's display business, Corning said. The venture extends a decades-long partnership between Samsung and Corning and will supply LCD glass substrates to Samsung Suzhou LCD Co Ltd in China. (Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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