JEOLLABUK-DO < invest Korea

According to Yonhap News,

Solus Advanced Materials has completed construction of a new plant for the production of non-light-emitting OLED (organic light-emitting diodes ) materials, and set out to gain market share in earnest.

On October 18, Solus Advanced Materials announced that it held an opening ceremony of the plant for producing non-light-emitting OLED materials, which will be operated by its subsidiary SolusI-tech plant, located in Hamyeol-eup, Iksan, and began pilot production.

The newly completed plant (6,600㎡) in Hamyeol sits on a Hamyeol production complex (25,976㎡), about 18km away from the Iksan plant, the existing OLED production factory of Solus Advanced Materials.

SolusI-tech is a subsidiary established by Solus Advanced Materials to expand its scope to non-light-emitting materials. It will directly produce fillers - materials for OLED non-light-emitting (high refractive filler), and high-end encapsulation materials at Hamyeol complex. SolusI-tech also plans to build a production plant for Quantum Dot (QD) ink, non-light-emitting material, by 2024.

Filler, a polymer OLED material, is a material that improves luminous performance in displays, applied to large premium TVs. So far, it has been mainly produced by overseas companies such as those in Japan and the United States. SolusI-tech is the first to produce fillers in Korea, according to Solus Advanced Materials.

High-end encapsulation materials protect OLED devices from external environments in mobile devices such as premium smartphones, as well as IT devices including laptops and tablets.

With the completion of this production complex, Solus Advanced Materials aims to strengthen quality competitiveness and increase cost efficiency by bringing the entire process in-house, from R&D to production of non-light-emitting materials. In addition, Solus plans to diversify its business areas across OLED materials.

"With the gradual expansion of the OLED market into IT devices as well as mobile phones and premium TVs, material companies are expected to have further opportunities to grow business," said Kim Tae-hyung, CEO of Solus I-Tech.

hanajjang@yna.co.kr

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Source: Yonhap News (Oct.19, 2023)