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OLED Material Maker P&H Tech to Double Capacity in 2021
CEO Hyun Seo Yong said the company was aiming for 19.3 billion won in sales and return to profitability in 2021. Last year, the company posted 8.5 billion won in sales and a n operating loss. The firm first launched five kinds of Pd-catalysts in 2008 and followed up that up with hole transport layer (HTL) in 2009. In 2019, the firm launched high refraction capping layer (CPL) material and blue emission layer material. In 2020, P&H tech launched red emission layer material. Hyun said CPL and blue emission layer material will lead the company’s growth going forward. CPL accounted for 23.6% of the company’s sales in the third quarter and blue emission layer material 9.9%. CPL is put on top of the cathode of the emission layer to preserve the optical characteristics of the later. P&H Tech competes with Japan’s Hodogaya Chemical in CPL. The South Korean OLED material maker is planning to collaborate with Dupont to develop a red emissive layer. It is also developing a P-dopant, TADF, triple-triplet annihilation (TTA) material and soluble material by 2025.
Dupont accounts for 42% of the company’s sales, followed by LG Display’s 15%. Solus Advanced Materials accounts for 10% and Samsung Display 9%. China’s BOE and CSOT are also its customers. P&H Tech will issue an IPO for the KOSDAQ on February 16. The funds from the listing will be used to expand its synthesis factory’s production capacity from 2,000kg to 7,000kg and its purification factory from 3,264kg to 6,528kg. P&T Tech expects to begin production with the expanded capacity by the third quarter of 2021. Source: THE ELEC,
CEO Hyun Seo Yong said the company was aiming for 19.3 billion won in sales and return to profitability in 2021. Last year, the company posted 8.5 billion won in sales and a n operating loss. The firm first launched five kinds of Pd-catalysts in 2008 and followed up that up with hole transport layer (HTL) in 2009. In 2019, the firm launched high refraction capping layer (CPL) material and blue emission layer material. In 2020, P&H tech launched red emission layer material. Hyun said CPL and blue emission layer material will lead the company’s growth going forward. CPL accounted for 23.6% of the company’s sales in the third quarter and blue emission layer material 9.9%. CPL is put on top of the cathode of the emission layer to preserve the optical characteristics of the later. P&H Tech competes with Japan’s Hodogaya Chemical in CPL. The South Korean OLED material maker is planning to collaborate with Dupont to develop a red emissive layer. It is also developing a P-dopant, TADF, triple-triplet annihilation (TTA) material and soluble material by 2025.
Dupont accounts for 42% of the company’s sales, followed by LG Display’s 15%. Solus Advanced Materials accounts for 10% and Samsung Display 9%. China’s BOE and CSOT are also its customers. P&H Tech will issue an IPO for the KOSDAQ on February 16. The funds from the listing will be used to expand its synthesis factory’s production capacity from 2,000kg to 7,000kg and its purification factory from 3,264kg to 6,528kg. P&T Tech expects to begin production with the expanded capacity by the third quarter of 2021. Source: THE ELEC,
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