Last month Japan-based OLED material maker Idemitsu Kosan announced that it has decided to expand the OLED material production capacity at it's Korean subsidiary Idemitsu Electronic Materials Korea. Idemitsu now announced that it plans to establish a new OLED materials development company in Switzerland.
Idemitsu says the new company will be established "in order to enhance its development structure in preparation for future growth in demand for OLED materials". Idemitsu has been collaborating with BASF's Switzerland's branch "for some time", and now Idemitsu will hire OLED researchers from BASF (this probably follows Universal Display's acquisition of BASF's OLED IP in June 2016).
The new company will be called Idemitsu OLED Materials Europe AG and will be based in the Canton of Basel-Stadt. The planned capital is $2 million USD. This will be Idemitsu's second OLED R&D facility (the first is located in the city of Sodegaura, Chiba Prefecture, Japan).
Idemitsu is a large multinational Chemical company based in Japan that is supplying OLED materials for OLED producers. Idemitsu has OLED business units in Japan, Taiwan, Korea and China and is collaborating with UDC, LGD, AU Optronics, Doosan, Merck and others. We recently posted an interview with Idemitsu's electronics materials chief.