Display glass substrate prices Increase
Corning is announcing a moderate increase to its display glass substrate prices in the second quarter of 2021
This price adjustment is a result of increased costs in logistics, energy, raw materials and other operational expenses during the current glass shortage. Additionally, the costs of precious metals required for maintaining reliable glass substrate manufacturing have risen significantly since 2020. While Corning has sought to offset these added costs with productivity enhancements, it can no longer fully absorb them.
Corning expects glass supply to remain short-to-tight in the upcoming quarters and will continue to partner with customers to maximize our glass supply to them.
Corning, AGC, and NEG are the world’s top three glass substrate manufacturers, with approximately 50%, 20%, and 15% market share respectively, and a total of 85% of the world’s glass substrate production capacity.
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