Toray and Idemitsu will mutually utilize the OLED materials, technology and expertise that both companies possess, and will cooperate in the development of new materials and material evaluation. The two companies will also jointly use their evaluation facilities and production facilities. Both companies hope that this collaboration will accelerate OLED material development and enable lower cost production.
Idemitsu has been focused on OLED emitter materials and carrier transporting materials (such as hole transport materials) while Toray was focused on electron transport materials, based on its proprietary molecular design technology. Toray also develops and produces encapsulation materials.
Idemitsu Kosan recently announced a plan to expand its OLED material production capacity by 70%. In the past two years the company signed development agreements with LG Chem, BOE Display, Merck and Doosan Corporation. In January 2016 we posted an interview with Idemitsu's electronics materials chief.