Corning (GLW.NYSE) announced on Wednesday that it will invest US$800 million in a liquid-crystal-display (LCD) production facility in Beijing, expanding its current capacity, the Wall Street Journal reported. The company makes LCD glass and fiber optics for use in electronic displays such as computers and televisions. Corning predicted demand for its LCD glass would come in at the high end of its current forecast of 2.9-3.1 billion square feet as market demand is high. It has correspondingly boosted its capital spending target by $200 million to US$1.2 billion. The US company intends to break ground in September and begin production in 2012.