Schott AG has further expanded its activities in the market for flat panel display glass with a foundation stone ceremony in Jena, Germany. The company is investing 60M Euros in a second melting tank for large format TFT-LCD (Thin Film Transistor-Liquid Crystal Display) glass substrates used in flat panel displays. The expansion at Schott Displayglas Jena GmbH is creating 100 new jobs & brings the company's investments in the display business at the Jena site to a total of 110M Euros & 170 jobs since 2003. The highly complex production is remaining in Germany & processing will be done close to customers in Asia. With the new float tank, Schott is more than doubling its melting capacity for the 0.7mm TFT-LCD glass substrates. The expansion in Jena is part of a 150M Euros investment in the production of TFT-LCD substrates for flat panel displays. In November 2005 the company formed a joint venture with the Japanese technology leader Kuramoto Seisakusho Co. Ltd. for the processing of large format substrates in Korea.
