Irico group was established in 1978 in China and manufactures color picture tube (CPT), LCD and LED-backlit LCDs. Irico produces PMOLED displays and has also begun construction of a pilot AMOLED line back in March 2009 (investment was $75 million) - which is in operation.
Irico planned to build two AMOLED production lines in a 9.5 billion yuan ($1.4 billion) investment, but it does not seem as if this plan is still in place.
The latest Irico OLED news:
Chinese consulting firm CCID released its 2010-2011 survey on China's OLED industry. In 2010, Chinese companies shipped 1.35 million OLED displays, up 38.2% over last year. OLED makers in China include Visionox, Shanwei Truly, Sichuan CCO and Irico. Both Shanghai Tianme and Irico are in the process of building 4.5-Gen AMOLED fabs, planning to start mass production in 2011. BOE Display and Sichuan CCO are also engaged with AMOLED R&D.
The Chinese government continues its support for the OLED industry, including special funds from the Ministry of Industry and Information Technology (MIIT) and tax policies on new display manufacturers imported materials. But there are still several problems in China's OLED industry - key equipment still needs to be imported (from Japan, Korea and the EU) and China needs raw materials. AMOLED development faces great difficulty due to outdated equipment and inadequate management.
China's Irico Display plans to raise ¥6 billion (around $900 million) - out of which ¥1.6 billion (around $245 million) will be used to build an AMOLED fab. According to earlier reports, Irico already has a 4.5-Gen AMOLED pilot production line ready, located at the OLED industrial base in Guangdong province. We assume that the current plan is to build a mass-production 4.5-Gen line.
China's Irico group announced that their 4.5-Gen AMOLED production line is ready. The plant is located at the OLED industrial base in Guangdong province. Irico are now entering the second phase of their project - they want to build two 4.5-Gen AMOLED lines - with a 9.5 billion yuan ($1.4 billion) investment. They have already begun working on the first line, with the second one planned for October 2011.
China's Ministry of Industry and Information Technology (MIIT) will establish a pilot OLED industrial base in Foshan City, Guangdong province. The province has established a new OLED industry alliance with 20 local companies, including Irico Group Electronics, China Display Technology, Anwell Technologies, Truly International Holdings, TCL, and Sun Yat-Sen University.
The MIIT has agreed to support the Guangdong OLED industry's exemplary application, innovation, industry chain construction, and human resource development.
Irico group has announced that they will build an OLED production plant. The plan is for a 12 million 2.2" OLED panels per year. The plant is a JV by two companies : IRICO Display Devices and Shenzhen Hongyang Industry & Trade. The work on the new plant has already started.
It's not clear whether these will be PMOLED or AMOLEDs yet...