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Sunday, 23 Apr 2017

Idemitsu set to expand Korean OLED materials production facility

The decision to expand production capacity is in order to meet the accompanying increase in demand for OLED materials and to fulfil its commitment to supply its customers

8 Dec 2016 | Editor

Idemitsu Kosan (Idemitsu) has announced they are to expand production capacity of the OLED materials at its Korean subsidiary - located in Paju, Gyeon-do, South Korea.

Idemitsu has supplied OLED materials to both domestic and foreign OLED display manufacturers after completing construction of its OLED materials manufacturing factory in Omaezaki-shi, Shizuoka and its South Korean facility since April 2007 and October 2011 respectively.

The announcement said that production capacity will be increased from 5 tonne/year to 8 tonne/year. Combined with Omaezaki Factory, Idemitsu Group's overall production capacity will increase from 7 tonne/year to 10 tonne/year as a result.

In addition to evaluation equipment for OLED materials, evaluation equipment for OLED devices will be newly installed.

Both construction projects are expected to begin in December 2016 and be complete during the first half of fiscal year 2017.

Idemitsu said it is expanding production capacity in order to meet the accompanying increase in demand for OLED materials and to fulfil its commitments for supplying its customers.

In addition, more prototype device manufacturing equipment will be installed in the Korean OLED factory in order to enable the company to respond to customers' broad needs and to become able to make proposals for newly developed materials in a more rapid and effective manner.

Idemitsu said they aim to continue to establish a stable supply and evaluation framework both domestically and overseas as well as to strengthen and expand its OLED materials business in order to adapt to the expanding OLED market.

www.idemitsu.co.jp   


About Idemitsu Kosan

The Idemitsu Group carries out core business centered on fuel oils and basic chemicals on a global asis.

In addition, it pursues a diverse range of businesses, including functional materials businesses that encompass lubricants and performance chemicals as well as such electronic materials as OLED. These businesses have advanced the core technologies cultivated in the core businesses. Also, the Group undertakes resource businesses that include oil exploration and production as well as coal, uranium and geothermal resource development.

Idemitsu had sales of about ¥3,570 billion in FY2015 and 9,203 employees as of the end of the FY. Idemitsu shares are traded on the stock exchanges in Tokyo (5019).

Source: Idemitsu Kosan


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