Taiyo Nippon Sanso Corp. has announced that it, through Taiyo Nippon Sanso (China) Investment Co Ltd, has invested in Jilin OLED Material Tech (Jilin OLED), a Chinese venture company based in Changchun engaged in the development of high-purity OLED materials. Through this investment, TNSC has acquired the exclusive sales rights to Jilin OLED’s products in the global market.
[Editor's note:] Taiyo Nippon Sanso is a company within Mitsubishi Chemical Holdings
According to the announcement TNSC is pursuing venture investments to acquire value-added and differentiated products as a part of the open innovation strategy in its medium-term management plan, Ortus Stage 1.
This investment is also a part of executing an electronics business strategy to capture the growing demand in the emerging OLED display market. The TNSC Group will leverage its sales network and corporate brand in the global electronics market to promote Jilin OLED’s products by bundling them with TNSC’s electronics products.
Along with the equity investment in Jilin OLED, TNSC and Jilin OLED collaborate in a quality enhancement program of Jilin OLED products by applying TNSC’s quality know-how cultivated in the electronics market. TNSC will also look into collaboration in the research and development of purification technology for OLED materials.
Jilin OLED, established in 2005, has made significant progress in the development of high-purity OLED materials and acquired several key customers in China. Since the OLED industry is strongly supported by the Chinese government, Jilin OLED has also incremented both production and R&D capabilities for upcoming OLED materials demands in China. This has resulted in long-term cooperative connections with customers. Jilin OLED is now expanding their business to markets within and outside of China.