Novaled has started constructing its new €20 million fab and office buildings. The new facility will be located in the north of Dresden, and will comprise of a renovated old mill that will be turned into a prestigious office building and a new 110-meter long R&D plant with state-of-the-art research areas, laboratories and clean rooms.
Novaled says it is the world's only supplier of organic dopants for mass produced OLED displays - and also in OLED lighting panels. Novaled's materials are also used in OPV devices.
Novaled was acquired by Samsung's Cheil Industries in 2013 for €260 million. Cheil Industries was later acquired by Samsung SDI.