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    Breaking News

    PPG and Universal Display Corporation to Expand Production Capacity of UniversalPHOLED Materials

    ...

    Related CONTENT
    • PPG, Universal Display Expand OLED Operations in Ireland
    • OLED Material Manufacturing, PPG Announce Multi-Million-Euro Investment
    • Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials
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    02.06.17
    PPG and Universal Display Corporation (Nasdaq: OLED) today announced that Universal Display will invest $15 million in PPG’s Barberton, Ohio, manufacturing facility to double commercial production capacity for Universal Display’s proprietary UniversalPHOLED® phosphorescent emitter products. The expansion project, which will add more than 20 positions at the facility, is scheduled to be completed in the third quarter 2017.

    Universal Display Corporation is a leading supplier of phosphorescent organic light-emitting diode (OLED) materials, which are used to produce high-performance, thin, energy-efficient displays for personal electronics (televisions, smartphones and tablets) and solid-state lighting applications. PPG is the exclusive manufacturer for Universal Display of UniversalPHOLED emitter materials that enable the development of low-power and eco-friendly displays and lighting.

    PPG and Universal Display opened an OLED materials production facility at PPG’s Barberton, Ohio, plant in 2013. The site, which PPG owns and operates, provides the two companies with resources to meet the growing OLED needs of customers in the display and lighting industries.

    “We are proud of the continued growth of this world-class production facility for OLED materials,” said Viktor Sekmakas, PPG executive vice president. “This expansion furthers our partnership with Universal Display, our commitment to the ongoing development of this important technology, and our capability to meet customers’ increasing demand for energy-efficient displays and lighting devices.”

    Steven V. Abramson, president and chief executive officer of Universal Display Corporation, said, “We believe the OLED industry is entering an exciting multiyear capital expenditure cycle. With the anticipated robust rise of high-volume OLED display manufacturing capacity in the coming years, we expect this latest investment will help meet our customers’ increasing needs for our high-quality, state-of-the-art PHOLED materials. The Barberton expansion reflects strong demand for Universal Display’s innovative, high-performance phosphorescent materials and PPG’s best-in-class manufacturing expertise. Together, we have built an excellent operation to develop and efficiently commercialize leading-edge, next-generation red, green, yellow and blue emitters, and to foster the continued growth of the OLED display and lighting markets.”

    In 2000, PPG established a strategic relationship with Universal Display for the commercialization and production of UniversalPHOLED materials. The Barberton plant, which PPG opened in 1900 and which currently employs more than 150 people, also produces: specialty materials such as optical casting resins used for eyewear applications; TESLIN® substrate, which is used in applications such as security and loyalty cards, electronic passports and specialized labels; and design silica products used in the manufacture of paints, tires and reinforced rubber products.
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    Related Content

    • Paint & Coatings Manufacturer News
      PPG, Universal Display Expand OLED Operations in Ireland

      PPG, Universal Display Expand OLED Operations in Ireland

      With new multi-million euro investment in manufacturing, they are expanding on their 20-year partnership.
      David Savastano, Contributing Editor 08.25.21

    • Breaking News
      OLED Material Manufacturing, PPG Announce Multi-Million-Euro Investment

      OLED Material Manufacturing, PPG Announce Multi-Million-Euro Investment

      Facility renovations and regulatory approvals at the Shannon site are expected to be completed in the next 12 months.
      07.22.21

    • Breaking News
      Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials

      Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials

      PPG is the exclusive manufacturer of UDC’s UniversalPHOLED emitter materials.
      02.26.21


    • Breaking News
      PPG Issues Statement Regarding Decision by the Dutch Authority for the Financial Markets

      PPG Issues Statement Regarding Decision by the Dutch Authority for the Financial Markets

      ...
      05.31.17

    • Breaking News

      PPG Earns Metal of Honor Supplier Recognition from Metal Roofing Magazine

      ...
      05.08.17

      Breaking News
      • DIC’s Indian Subsidiary Begins Construction of Coating Resins Production Facility
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      • CPI Announces New Hybrid Professional Development Program for 2022
      • Perstorp Group to be Acquired by PETRONAS Chemicals Group
      • PPG Launches HOMAX TEX>>PRO Texture System by PPG
      View Breaking News >
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