The world's largest LCD glass substrate maker Corning Inc announced it will build a 5th generation liquid crystal display (LCD) substrate finishing facility in Beijing, the first of its kind on the Chinese mainland.

The US-based company declined to disclose the amount invested or time frame for the completion of the project for competitive reasons. But, such a factory normally costs around 10 billion yuan (US$1.25 billion), said Yang Lei, analyst with Beijing-based research house CCID Consulting.

Glass substrate is one component of an LCD panel, which is used to produce screens for PC monitors and flat TVs.
Clark Kinlin, chief executive officer of Corning Greater China, said, "The new facility is further proof of our commitment to the fast growing Chinese LCD industry."

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