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Idemitsu Kosan: Construction of an OLED Materials Plant in China

TOKYO–(BUSINESS WIRE)–Idemitsu Kosan Co.,Ltd. (Head Office: Chiyoda-ku, Tokyo;
Representative Director and CEO: Shunichi Kito; hereinafter, the
“Company”) (TOKYO:5019) hereby announces that in order to accommodate
the growing demand for organic light-emitting diode (OLED) materials in
China, the Company has decided to build a manufacturing facility for
OLED materials in Chengdu, China and to enrich technical support to
Chinese customers.


1. Background and purposes of Establishing the Company

In recent years, OLED displays have increasingly been used in a variety
of products such as smartphones and large TVs. In China, backed by the
support of the government’s policy to boost growth in the display
industry, investment in OLED display manufacturing facilities mainly by
leading display makers has been on the rise, and production of OLED
displays in the country is expected to surge from this point forward.

After the Company’s OLED materials factory in Omaezaki, Shizuoka started
operating in 2007, and the OLED materials plant in Paju, Gyeonggi-do,
Korea started operating in 2012, the Company has so far supplied its own
OLED materials mainly to Korean customers. With the aim of fulfilling
its responsibility to ensure the stable supply of OLED materials to
Chinese customers, the Company recently decided to construct a
manufacturing facility for OLED materials in Chengdu, China. This will
be the Company’s third manufacturing plant for OLED materials after the
ones in Japan and Korea. Commercial production at the new plant is
scheduled to begin in the first quarter of 2020.

2. Plant Outline

(1) Name: Idemitsu Electronic Materials (China)
(2) Location: Chengdu, Sichuan province, China
(3) Representative: Mitsushige Nakashima
(4) Site area: 14,600 m2
(5) Plant capacity: 12 t/year
(6) Construction planned to start in: December 2018
(7) Construction planned to be completed in: November 2019

The construction of the plant will have no impact on the Company's
FY2018 consolidated earnings.

Contacts

For inquiries regarding this press release, please contact:
(Ms.
Rika Takimoto) Public Relations Section, Public Relations Department,
Idemitsu
Kosan Co.,Ltd.
E-mail: [email protected]
URL
http://www.idemitsu.com/