In April 2018 OLED materials producer Idemitsu Kosan announced plans to establish a new OLED production subsidiary in Chengdu, China. The investment in Idemitsu's third OLED production plant will total $12.8 million USD.
Idemitsu now updates that it is starting to construct the new production plant, which will have a capacity of 12 tonnes per year. The construction will be completed by November 2019 and commercial production is scheduled to begin in the first quarter of 2020.
In 2017 Idemitsu said that it aims to increase its production capacity in 2018 by 70%. In 2018 Idemitsu signed an agreement with Toray to co-develop OLED materials and an agreement with LG Chem to share their OLED material patents.