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Glass Factory Accidents Extend LCD Price Growth
LCD panel prices are expected to continue increasing in Q221 due to the recent fire yet AGC’s glass substrate manufacturing plant in South Korea.
AGC Fine Techno Korea suffered a furnace explosion on January 29. Prior to the fire, the furnace was being repaired. The plant is not expected to be back into production until after the first quarter. Display Supply Chain Consultants (DSCC) said the plant was planning to supply glass substrates to CSoT in the second quarter after the repairs. DSCC expects this planned has been jeopardized due to the fire but will have minimal impact on worldwide glass substrate supply other than keeping the supply tight through the summer. TrendForce stressed that fire at AFC follows that of the blackout of NEG’s glass substrate factory in December. NEG’s Takatsuki factory is expected to resume operations after the first quarter. NEG’s Takatsuki plant accounts for 3% of worldwide glass supply and AGC Fine Techno Korea accounts for 1%. AGC Fine Techno Korea spokesperson said its plant that suffered the explosion when the plant was idle, but the timing of the repair was unclear. The spokesperson said the explosion won’t impact their production plans.
LCD panel prices are expected to continue increasing in Q221 due to the recent fire yet AGC’s glass substrate manufacturing plant in South Korea.
AGC Fine Techno Korea suffered a furnace explosion on January 29. Prior to the fire, the furnace was being repaired. The plant is not expected to be back into production until after the first quarter. Display Supply Chain Consultants (DSCC) said the plant was planning to supply glass substrates to CSoT in the second quarter after the repairs. DSCC expects this planned has been jeopardized due to the fire but will have minimal impact on worldwide glass substrate supply other than keeping the supply tight through the summer. TrendForce stressed that fire at AFC follows that of the blackout of NEG’s glass substrate factory in December. NEG’s Takatsuki factory is expected to resume operations after the first quarter. NEG’s Takatsuki plant accounts for 3% of worldwide glass supply and AGC Fine Techno Korea accounts for 1%. AGC Fine Techno Korea spokesperson said its plant that suffered the explosion when the plant was idle, but the timing of the repair was unclear. The spokesperson said the explosion won’t impact their production plans.
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