In July 2017, Idemitsu Kosan and LG Chem announced a new collaboration agreement that will allow both companies to use each other OLED material-related patents in certain areas.
LG Chem was producing OLED lighting panels, but in 2015 the company sold the OLED lighting business unit to LG Display is a $135 million deal.
The latest LG Chem OLED news:
UBI: the OLED emitter material market grew 17% in 2015 as producers increase capacity and change material suppliers
According to UBI Research, the market for OLED emitting materials grew 17% from 2014 to 2015. Universal Display (the top supplier in terms of revenues), Dow Chemical and LG Chem saw a decrease in sales while Novaled, Idemitsu Kosan and Samsung SDI saw improved revenues.
Samsung Display is the largest OLED producer by far, and so when it changes suppliers it changes the whole market. UBI says that in 2015 Idemitsu Kosan, the second supplier in terms of revenue started delivering blue fluorescent emitters to Samsung Display, and also enjoyed the ramp-up in OLED TV production by LGD.
In October 2015, LG Chem announced that it has sold its OLED lighting business to LG Display, for $135 million USD, and the deal was finalized towards the end of 2015.
LG decided to consolidate all OLED production under LG Display - which will hopefully enable LG to advance OLED lighting more quickly - and at a lower cost. LG Chem has been discussing a Gen-5 OLED lighting production line since 2012, and the before the merger the company had plans to construct a new $185 million production line for OLED lighting by 2017.
Towards the end of October 2015, Workrite Ergonomics launched their first OLED lamp, the Natural OLED desk light. The Natural uses a single 320x110 mm OLED panel produced by LG (the N6BB40C panel). This panel offers 442 lumens at 13.7 W (32 lm/W), a high CRI (94) and a neutral white light - 3900K. The lifetime of the Natural is rated at 30,000h (LT70) at the lowest brightness setting. The Natural is now shipping for $239.
The nice guys at Workrite were kind enough to send us a desk lamp for a review here at OLED-Info. I gave the lamp to our very own Roni Peleg to try out and write this review, which you can read below.
In October 2015, LG Chem announced that it has sold its OLED lighting business to LG Display, for $135 million USD. LG decided to consolidate all OLED production under LG Display - which will hopefully enable LG to advance OLED lighting more quickly - and at a lower cost.
Today it was announced that the deal has completed, and the OLED lighting business is now part of LG Display. According to reports from Korea, going forward LGD will focus on automotive lighting - but talking to LG they clarify that they will focus on both general lighting and automotive lighting.
LG Chem collaborated with Korean 3D printer maker 3D-Box to show how easy it is to produce an OLED lamp with 3D printing:
LG Chem is one of the world's OLED lighting leaders and is producing several OLED panels including the world's first truly-bendable panels - only a few weeks ago they announced 406x60 mm plastic-based bendable panels. Last month LG Display announced it acquired LG Chem's OLED lighting unit for $142 million in a bid to consolidate LG's OLED technologies and manufacturing capabilities.
LG Chem announced that it has sold its OLED lighting business to LG Display, for 160 billion Won (a little over $142 million USD). LG decided that LG Display will be in charge of all OLED-based products while LG chem will focus on high-end materials (including OLED materials) and batteries. The idea is that consolidating the OLED production of both displays and lighting in the same company will enable LG to advance OLED lighting more quickly - and at a lower cost.
LG Chem is developing and producing OLED lighting panels, including the world's first truly-bendable panels (a few days ago they announced 406x60 mm plastic-based bendable panels), and is one of the clear leaders in the OLED lighting industry. The deal is set to take plan on December 15th, 2015.
LG Chem launched a new flexible OLED lighting panel sized 406x60 mm - more than twice the size of their current flexible panel (which is 200x50 mm). The new plastic-based panel model number is P6BD, and it is only 0.41 mm thick.
The P6BD offers 20,000 hours of lifetime, efficiency of 50 lm/W and a CRI of 85. LG Chem says that the panel's uniformity is 70% and above.
BlackBody introduced a new OLED lighting installation called the Dispertion at the London Design Festival. The Dispertion, designed by Thierry Gaugain uses 550 square OLEDs in addition to some round OLED:
The most interesting thing here is that the 100x100 mm square OLED panels were actually provided by LG Chem. Up until now Blackbody only used their own OLED panels (produced in the company's Gen-2 fab in Toulon, France).
According to reports from Korea, LG is considering moving the OLED lighting business from LG Chem to LG Display. The idea is that consolidating the OLED production of both displays and lighting in the same company will enable LG to advance OLED lighting more quickly - and at a lower cost.
The OLED Association goes on to speculate that LG Display may decide to convert one of its existing Gen-4.5 OLED display fabs to produce OLED lighting. This will make it even cheaper to expand capacity. Of course the downside is that LG Display will be more focused on displays than lighting as currently the OLED lighting market is still very small.