Konica Minolta lays out OLED Lighting plan, wants to get $1 billion in sales by 2017/18

Konica Minolta lays out its OLED Lighting plan:

• Launch OLED lighting equipment by March 2011
• Build a large-scale OLED lighting plant by march 2014
• Get over 100 billion yen (about $1 billion) in sales by 2017/18

The company will spend around 3.5 billion yen ($38 million) to build an initial production line by the end of 2010, in order to launch products by March 2011. The line will use roll-to-roll production method. The mass-production line planned for 2014 will require at least 10 billion yen ($110 million) to build.

Konica Minolta is working towards OLEDs together with GE and UDC.

Via Reuters