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Idemitsu Kosan to Open OLED Material Plant in Chengdu
December 10, 2018



​Idemitsu Kosan Co., Ltd. announced it will build a manufacturing facility for OLED materials in Chengdu, Chinthat to accommodate the growing demand for OLED materials in China, The new fab will have a 12-ton capacity. Korean online news sources indicated that LG Chem is also reviewing its expansion in China for OLED material R&D center as well.  The Company’s OLED materials factory in Omaezaki, Shizuoka started operating in 2007 with a 10-ton capacity, and the plant in Paju, Gyeonggi-do, Korea started operating in 2012 with a 6-ton capacity. With the aim of ensuring a stable supply of OLED materials to Chinese customers, the Company recently decided to construct a third manufacturing plant for OLED materials after the ones in Japan and Korea. Commercial production at the new plant is scheduled to begin in the first quarter of 2020.

The construction of the plant will have no impact on the Company's FY2018 consolidated earnings.

Figure 1: IK’s Material Production Locations

Source: Company