The hottest LCD panel production has gradually mov

LCD panel production has gradually moved to the three major glass substrates in the mainland. The performance of the Korean branch has slipped

the Korean calculation standard for glass substrates for display: GB 16776 ⑵ 005 gb/t 528 ⑴ the revenue and operating interests of the branches in 1998 are poor. The South Korean branches of Corning, Asahi and neg, the three major manufacturers of glass substrates in the world, all performed poorly in 2015, mainly because the production of LCD panels in South Korea gradually moved to the mainland, and the increase in the proportion of OLED production also had a slight impact

according to etnews, the 2015 reports of Corning precision materials, Asahi Glass fine techno Korea (AGC) and Nippon electric glass Korea (NEG) showed that the performance of the three companies was poor. Traditionally, glass substrate manufacturing companies have been able to maintain an operating profit rate of more than 30%. However, due to the relocation of LCD panel production to the mainland and the increase in the proportion of OLED production, the operations of the three companies have been affected

the revenue of Corning precision materials in 2015 was 1. 65 trillion won (about 1.43 billion US dollars), with an operating profit of 451.3 billion won and an operating profit ratio of 27. 3%, still maintaining a fairly high level in the display industry. Compared with 2014, although the revenue decreased by 11. 8%, but its operating profit increased by 131. 5%。 South Korea Corning explained that due to the disappearance of one-time expenses and other factors in 2014 during the integration process of branches, the operating interests returned to the level before the merger

a relevant person from Corning, South Korea, said that in 2014, the 42% held by Samsung display will be increased. 6% of the shares were repurchased, and the company name was changed from Samsung Corning precision materials to Corning precision materials, etc., and the company's integration operation was carried out. In this process, due to the compensation costs incurred by the staff's unit transfer, the business benefits have been temporarily reduced. Now the integration operation has ended, so the performance has returned to the previous level

Corning precision materials are mainly used to supply glass substrates used in TVs, monitors and intelligent types, as well as reinforced glass for protecting intelligent types. Samsung Corning advanced glass (Samsung SCG), a joint venture between Corning and Samsung display to produce OLED glass, did not disclose its performance

in addition, Asahi Glass South Korea branch (AGC) implemented PIP process to produce whole chairs in 2015, with an annual revenue of 585.9 billion won and an operating profit of 69.8 billion won, a decrease of 14% compared with 2014. 4% and 19. 3%。 Its revenue in 2012 reached 1. After 42 trillion won and 213.2 billion won of operating profit, the performance continued to decline, leaving less than half of the original performance in the three years

Japan electric glass (NEG) has three branches in South Korea, including negkorea, which manufactures glass for LCD substrates, pajuelectricglass (PEG), a joint venture with 40% shares held by LG display, and egkorea, which was wholly funded by Japan electric glass and established in 2012

among them, the revenue of pozhou electric glass in 2015 was 537billion won, and the operating profit was 20.2 billion won, although the revenue was 15% lower than that in 2014. 8%, but the operating profit increased by 10. 9%。 Its revenue in 2014 was 638.3 billion won, and its operating profit was 18.2 billion won, a decrease of 15% compared with that in 2013, and its operating profit also fell by 51%. 2%。

in order to smoothly supply panels to LG displays and set up production bases overseas, Japan electric glass set up its Korean branch. The company finally made profits four years after its establishment. In 2014, its revenue was 208billion won and its operating loss was 12.1 billion won. In 2015, its revenue grew to 271.9 billion won and its operating profit was 16.2 billion won

the Korean industry believes that the main reasons for the decline in the performance of the Korean branch of foreign glass substrate manufacturers are the stagnation of domestic LCD investment in Korea and the shift of the focus of the display industry to OLED. Contrary to the current active situation of LCD investment in the mainland, the technology countries that adopt the combination of analog filtering and digital filtering in South Korea have not increased investment, and even interrupted the original old production lines

the shift of the focus of the display industry to OLEDs is also a new change. At present, only one piece of glass is used for OLED displays used in flat-panel OLEDs and Samsung intelligent two-sided curved edge series, which is less than two pieces of LCD panels. Therefore, the operation of glass substrate companies is partially affected. If flexible OLEDs are widely used in the future, the demand for glass will be further reduced because soft films will replace glass substrates

relevant people in the Korean industry said that although in the past, glass manufacturers for display usually had a record of operating profit rate of about 50%, it would be difficult to expect high profit growth as in the past if flexible OLEDs became the market focus and there was no innovation in glass materials

global glass () Department