It is expected that the growth rate of global glas

It is expected that the growth rate of global glass substrate demand will drop by 5% this year

jamesb, vice chairman of the board of directors and chief financial officer of Corning incorporated. Flames said at the maxim group development conference in New York that due to the global economic downturn, the global demand for LCD glass is expected to increase by 15% to 25% this year, lower than the previous growth rate of 20% to 25%

flames said that the global economic slowdown will increase the demand for LCD TVs. On the 24th, the price of the national billet market was stable, weakening and slowing down, thus reducing the demand for LCD glass substrates, the upstream product of LCD TVs - plastic products for entertainment. In 2009, the demand for LCD glass will be 26. Between 500million and 2.9 billion square feet

flames also explained the capital expenditure of Corning, saying that the total capital expenditure of Corning in 2008 and 2009 is expected to decrease by about $400 million to $600 million, and the total capital expenditure will remain between $1.8 billion and $1.9 billion; The capital expenditure of 2009 is expected to be $1.6 billion to $1.7 billion, a decrease of $100 million to $200 million from the original estimate

in addition, Corning is formulating a series of policies to deal with the potential economic deterioration, taking measures such as adjusting the company's production capacity, stopping external recruitment, and reducing R & D costs. "This does not mean that we lack confidence in the company's potential new business. Our confidence in the new business is developing steadily. This decision shows that we are cautious about the company's expenditure in a period of economic instability." Flames explained for the measures to be taken by the company