Corning to Idle Japan Glass Substrate Facility, Citing Display Industry Woes

Corning will decommission display glass manufacturing assets at its Shizuoka (SK) LCD glass substrate facility by year-end, it said Wednesday. The company will idle the plant’s glass production lines later in the year, it said. Actions were driven by “the changing display landscape, including flat to decreasing demand from Japan panel makers, and growing demand from panel makers in other regions, requiring our resources,” said Thomas Lynch, general manager, Corning Display Technologies. Parts of the facility will remain in use for the company’s logistics and manufacturing organizations and the company’s technology center. Corning will offer SK employees job transfer opportunities within the business or voluntary separation packages.