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Material Science Hwaseong OLED Material New Factory Completed And Mass Production

Material Science Hwaseong OLED Material New Factory Completed And Mass Production

January 30 , 2024 0

CINNO Research Industry News, Material Science will complete and mass produce a new plant for organic light-emitting diode (OLED) materials. By securing domestic and foreign display panel customers and continuously expanding the supply of materials, the company plans to achieve the goal of 200 billion won (about 1.07 billion yuan) in sales by 2030.

According to the Korean media etnews report, on January 24, Material Science company built an OLED material factory in Jeongok-ri, Seoheung-myeon, Gyeonggi Province, South Korea. The company has been operating an OLED material factory in Eumseong, North Chungcheong Province, under lease, and only performs some processes such as refining. However, the company will be able to mass produce OLED materials on its own after investing in synthesis equipment at the Hwaseong plant. The factory has a three-story building on the ground, which is composed of five buildings, such as synthetic building, refined building and dangerous goods warehouse. The synthetic production capacity is 20 tons per month scale of OLED luminous materials.

The company produces OLED blue light-emitting layer (EML) and other common layer materials - hole transport layer (HTL) and electron Transport layer (ETL). OLED is a panel composed of light emitting layer, electron and hole moving common layer. Material Science will mass produce blue luminescent layer and common layer materials for supply to domestic and foreign panel manufacturers.

Material Science is an OLED materials company founded in 2014. In the OLED materials market, which is dominated by large companies and global companies, venture companies are taking bold challenges and attracting the attention of the industry. Especially in the field of the development of demanding blue luminous materials, it has secured unique technology, which has received attention and investment from the industry. However, after the development of blue doping materials, Material Science suffered ups and downs due to overseas investment divestment and other reasons. Now, the company is reorganizing again and will intensify investment and make a comeback. The Hwaseong plant is the core foundation of the new departure. The company is determined to ensure a mass production system, achieve supply and recapture opportunities.

The application of OLED is expanding from traditional smartphones and TVS to IT products such as laptops and tablets, and then to vehicle products, so the demand for materials is increasing rapidly. Market Research company UB Research data show that the OLED light-emitting materials market from last year's 1.84 billion US dollars, to 2028 to reach 2.43 billion US dollars, is expected to grow at an average annual rate of 5.8%.

Material Science will also introduce a smart factory system at the Hwaseong facility to improve operational efficiency by integrating production and logistics processes. The unique system is applied to the main process sublimation refining equipment of OLED materials to improve quality control and production efficiency. Based on this, the company aims to gradually expand the production capacity of the Hwaseong plant by next year and achieve 200 billion won in sales by 2030.

A company official said, "We will invest more than 10 percent of our annual sales in research and development to improve the completion of high-efficiency blue light technology," adding, "We will focus on securing excellent human resources and investment in expansion facilities to grow into the No.1 OLED material company in Korea."