Tokki to double its vacuum evaporation equipment capacity to meet OLED demand

As the OLED market is quickly expanding, we see massive investment in production capacity, mainly from Korea and China. According to Reuters, Canon Tokki, the leading vacuum evaporation equipment maker, is experiencing a boom in orders.

Tokki has a large order backlog - worth several years of its current production capacity. According to some reports, Tokki has turned down orders from LG Display recently as Samsung has taken up all of its capacity - and so LG had to order equipment from Tokki's competitors (mainly SFA Engineering and Ulvac).

Tokki now plans to double its production capacity in 2016. The company's CEO says that the market is "flourishing on news that Apple is expected to adopt OLEDs" .

Posted: Jun 17,2016 by Ron Mertens