Corning Expands Generation 8 Capacity in Japan

Corning Expands Generation 8 Capacity in Japan

February 08, 2007

Additional large size capacity will support customers in
Japan and Taiwan


    CORNING, N.Y., Feb. 8 /Xinhua-PRNewswire/ -- Corning
Incorporated (NYSE: GLW) announced on Feb 7, 2007 that its
board of directors has approved a capital expenditure plan
of $160 million to further expand its capacity to
manufacture large size glass substrates for active matrix
liquid crystal displays (LCD) at its facility in Shizuoka,
Japan.

    The expenditure will be incurred over the next year and
a half, with glass substrate production expected to begin by
mid-2008.  Capacity figures were undisclosed.

    "We have built our leadership position by
combining our technology expertise with a dedication to
providing a reliable source of superior products,"
said James P. Clappin, president of Corning Display
Technologies.  "The increased capacity will create
additional support for our customers in Japan and Taiwan,
who are experiencing growing demand as LCD TV strengthens
its hold on the 40-inch and larger market."

    In 2006, Corning signed a long-term supply agreement
with Sharp Corporation making Corning the majority glass
substrate supplier for Sharp's Generation (Gen) 8 fab in
Mie Prefecture, which focuses on LCD TVs that are 40 inches
and larger.

    At 2160 x 2460 mm, Gen 8 is currently the largest glass
substrate available, but next-generation substrates are
already on the horizon.  "As we expand our Gen 8
capacity, Corning is beginning its development of Gen 9 and
larger in order to prepare for customer demand of
larger-size substrates," said Clappin.

    The Gen 8 substrates manufactured at the Shizuoka
facility are Corning's EAGLE XG(TM)  glass.  EAGLE XG is
the first LCD substrate to contain no added heavy metals. 
It is also free of halides, making it the most
environmentally friendly LCD glass on the market.

    Corning previously said that it expects the overall LCD
glass substrate market to grow in the mid-30 percent range
in 2007.  The company also said that LCD TV penetration is
expected to reach 33 percent of the global television
market this year, up from 22 percent last year.  The
company has also said that it expects worldwide glass
demand to grow by at least 400 million square feet in 2007.
 The industry's total demand for glass reached 1.2 billion
square feet in 2006.

    About Corning Incorporated

    Corning Incorporated ( http://www.corning.com ) is a
diversified technology company that concentrates its
efforts on high-impact growth opportunities.  Corning
combines its expertise in specialty glass, ceramic
materials, polymers and the manipulation of the properties
of light, with strong process and manufacturing
capabilities to develop, engineer and commercialize
significant innovative products for the telecommunications,
flat panel display, environmental, semiconductor, and life
sciences industries.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements
that involve a variety of business risks and other
uncertainties that could cause actual results to differ
materially.  These risks and uncertainties include the
possibility of changes in global economic and political
conditions; currency fluctuations; product demand and
industry capacity; competition; manufacturing efficiencies;
cost reductions; availability of critical components and
materials; new product  commercialization; changes in the
mix of sales between premium and non-premium products;  new
plant start-up costs; possible disruption in commercial
activities due to terrorist activity, armed conflict,
political instability or major health concerns; adequacy of
insurance; equity company activities; acquisition and
divestiture activities; the level of excess or obsolete
inventory; the rate of technology change; the ability to
enforce patents; product and components performance issues;
stock price fluctuations; and adverse litigation or
regulatory developments.  Additional risk factors are
identified in Corning's filings with the Securities and
Exchange Commission.  Forward-looking statements speak only
as of the day that they are made, and Corning undertakes no
obligation to update them in light of new information or
future events.


    For more information, please contact:

    Media Relations Contacts - Corning:			 

     James E. Terry						
     Tel:   [phone]	
     Email: [e-mail]

     Daniel F. Collins
     Tel:   [phone]
     Email: [e-mail] 

    Media Relations Contact - Japan:				

     Shizuko Utsugi  						
     Tel:   [phone]						
     Email: [e-mail]

    Investor Relations Contact:

     Kenneth C. Sofio
     Tel:   [phone]
     Email: [e-mail]


SOURCE  Corning Incorporated