Novaled has recently held a formal ceremony to laid the corner stone foundation for the new company premises at Elisabeth-Boer-Strasse 9 in Dresden. On the 10,200 m2 site in the north of Dresden, the Old Mill, which is under historic building protection, will be renovated and transformed into a prestigious office building.
With the purchase of the property and the decision to invest over 25 million euros in the Dresden location, Samsung SDI as Novaled parent company has made a very clear commitment to the economic region and to Novaled. Together with the city of Dresden and the state of Saxony.
Novaled said that the new company headquarters offers enough space for further growth. After completion the team will have access to an area of 6,160 m2 in the buildings - a great environment for the development of materials for OLEDs and organic electronics.
Novaled is currently worldwide the only supplier of organic dopants for OLED display mass production, and has become a defactor standard with the OLED industry.
Novaled said, they are particularly proud of the fact that the company retains history and modernity harmoniously. The former mill is now used as an architecturally significant building after years of decay.
Prime Minister Stanislaw Tillich, said, "Novaled stands for a pioneer and the successful path from science to the economy creating jobs and value added in Saxony." Prime Minister Stanislaw Tillich, added, "With the investment in the new company headquarters an impressive history is now being continued. The commitment is very positive for the Dresden location with its numerous high-tech companies. It also strengthens Saxony as a whole. "
Gerd Günther, CEO of Novaled, said, "The advantages of the new company location are obvious: best accessibility for customers, suppliers and employees; a very good infrastructure; state-of-the-art equipment and ample space for our creative team." Gerd added, "These are the best prerequisites for driving innovation, opening up new markets, winning customers and their applications, and ensuring sustainable growth in Saxony."