PPG Industries, founded in 1883 and based in Pittsburgh US, produces specialty and commodity chemicals, coatings, optical products and glass products.
Since 2000, PPG is the exclusive supplier of Universal Display's PHOLED materials. PPG is also developing OLED lighting substrates based on the company's glass coating technologies.
Contact information for PPG Industries
Spotlight on Universal Display Corporation, with investor bull and bear cases
Universal Display Corporation, or UDC, is one of the OLED industry's pioneers, and the company that probably represents the best success of any startup within the industry. UDC is worth $7 billion, and it has been historically the go-to company for anyone that wants to invest in the OLED industry.
In this article, we detail the company's history, products and technologies, explain what PHOLEDs are all about, and also look into its future, and discuss both bull and bear cases as a investment opportunity. Disclosure: the author of this post holds shares in Universal Display.
The history of Universal Display Corporation
The history of Universal Display starts at 1994, when the company was founded by Sherwin Seligsohn in Ewing, New Jersey. The company was established to commercialize OLED technologies developed at Princeton University and the University of Southern California. UDC holds the basic patents of phosphorescent OLED (branded as PHOLED by UDC) technology.
UDC and PPG announce that their OLED production site in Ireland is starting production
In 2000 PPG Industries and Universal Display established a strategic relationship in 2000, and since then PPG has been the exclusive producer of UDC's PHOLED emitter materials. In 2021, the two companies announced that they will establish a new manufacturing site in Shannon, Ireland, for the production of UDC's emitters. Now UDC announced that the new fab is commencing operation.
The new production site will double PPG's production capacity of UDC's PHOLED emitters. This will also increase the company's ability to ensure uninterrupted supply of its crucial materials for the OLED industry.
