PPG and Universal Display Corporation reported that Universal Display will invest $15 million in PPG’s Barberton, Ohio, manufacturing facility. Universal Display intends to double the commercial production capacity for products using its proprietary UniversalPHOLED® phosphorescent emitter material. The expansion project, which is expected to add more than 20 positions at the plant, is scheduled to be completed in the third quarter of 2017.
Universal Display Corporation is a supplier of phosphorescent organic light-emitting diode (OLED) materials that are used in high-performance, thin, energy-efficient displays for personal electronics (smartphones, televisions, and tablets) and solid-state lighting.
PPG serves as the exclusive manufacturer for Universal Display’s UniversalPHOLED emitter materials that enable the development of eco-friendly and low-power displays and lighting. PPG and Universal Display first opened an OLED materials production facility at PPG’s Barberton, Ohio, plant in 2013. The PPG owned and operated facility provides the two companies the resources to meet the growing OLED needs display and lighting customers.
Viktor Sekmakas, PPG executive vice president, said, “This expansion furthers our partnership with Universal Display, our commitment to the ongoing development of this important technology, and our capability to meet customers’ increasing demand for energy-efficient displays and lighting devices.”
Steven V. Abramson, president and chief executive officer of Universal Display Corporation, stated, “We believe the OLED industry is entering an exciting multiyear capital expenditure cycle. With the anticipated robust rise of high-volume OLED display manufacturing capacity in the coming years, we expect this latest investment will help meet our customers’ increasing needs for our high-quality, state-of-the-art PHOLED materials.”
Abramson added, “Together, we have built an excellent operation to develop and efficiently commercialize leading-edge, next-generation red, green, yellow and blue emitters, and to foster the continued growth of the OLED display and lighting markets.”