Merck KgaA to Invest EUR20 Million in Display-Technology Production
October 28 2020 - 4:10AM
Dow Jones News
By Cecilia Butini
Merck KgaA said Wednesday that it is going to invest 20 million
euros ($23.6 million) to expand its manufacturing capacity of
organic light-emitting diodes, or OLED, in Korea and China.
OLED materials are used in panel and display production.
The German pharmaceutical and chemicals company said the
expansion--which builds on its Performance Materials segment--will
be at its sites in Pyeongtaek, south of Seoul, and Shanghai,
China.
The EUR20 million investment will be used to build a new modular
production system which is set to facilitate the installation of
sublimation units in line with market requirements, Merck said.
Sublimation is a chemical process which OLED materials need to
go through in order to guarantee their performance when used in
displays.
"As new form factors enabled by OLED technology - such as
foldable and rollable displays - continue to penetrate the market,
Merck is expanding its OLED manufacturing capacities in Asia to
meet the increasing demand for high-purity OLED materials", the
company said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
October 28, 2020 03:55 ET (07:55 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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