Asia Express - Display
Nippon Electric Glass to Boost LCD, PDP Glass Substrate Capacity
August 17, 2007
Aiming to raise its capacity by 10%, NEG (Nippon Electric Glass) plans to invest 35 billion Yen (US$310 million; US$1= 113 Yen) in new facilities for LCD (Liquid Crystal Display) glass substrate production in western Japan, according to a Nikkei report. Furthermore, an additional 7 billion Yen (US$57.2 million) will be spent by year-end 2008 to double the company's production of PDP (Plasma Display Panel) glass substrates.