On June 9, Merck Korea, a subsidiary of German high-performance materials giant Merck in South Korea, said it had completed the expansion of its local production plant in Pyeongtaek, Gyeonggi-do, South Korea. It is reported that Merck Korea has completed the installation of OLED sublimation refining equipment in the OLED application center of Merck Technology Center in Pusheng Industrial Park. display screen panel
Merck said that the company can now quickly respond to the needs of Asian customers.
According to public information, Merck Group, headquartered in Germany, is a world-leading technology company that has established branches in 67 countries and regions around the world, mainly focusing on three major areas: medical health, life health and electronic technology. In the field of OLED materials, Merck has more than 15 years of R&D experience and is one of the world’s leading suppliers of OLED materials, and South Korea is an important innovation and production center for Merck.
Today, Merck has chosen South Korea as its main investment destination. It is said that Merck plans to make a large-scale investment of about 4.2 billion yuan in South Korea within three years from this year. These investments will be aimed at component factories for liquid crystal display testing and OLED light-emitting material factories. Kai Beckmann, CEO of Merck Electronics, said in an interview with the media that South Korea is one of the main countries driving the development of the electronics industry (semiconductors and displays, etc.), and Merck’s goal is to become the most localized global cooperation partner.
“At present, South Korea is in an absolute leading position in the OLED market, and its global market share will exceed 80% in 2021. Driven by Samsung Display and LGD, the OLED industry chain has developed rapidly and is in a leading position, which has also attracted the industry. Upstream and downstream enterprises in the chain invest in Korea. Material and equipment manufacturers from upstream and downstream and local Korean panel manufacturers promote each other, jointly develop, and continuously improve industrial supporting capabilities, laying a solid foundation for the industrialization of OLED. “Ovi Ruiwo Advanced Research Manager Rong Chaoping told a reporter from China Electronics News.
The reporter learned that as early as 2015, Merck also opened an OLED Application Center (OAC) in Pyeongtaek, Gyeonggi, South Korea. In October 2020, Merck signed an MOU with Pyeongtaek City, South Korea, and planned to invest 20 million euros in the Gyeonggi Pusheng OLED manufacturing facility to expand production for the construction of a modular sublimation purification equipment system that is more convenient to add.
It is understood that OLED sublimation refining equipment is an equipment to improve the purity of organic materials used in OLED panels, and is regarded as the core of OLED material production. Merck has said that through investment, it can increase OLED manufacturing capacity in South Korea, and then provide high-purity OLED materials for Asian panel makers to enhance Merck’s reputation.
This time, by installing a material production facility in Korea, Merck is expected to help locally produced materials reach the best performance and quality levels, and customers will be able to receive OLED materials stably in Korea. Merck Korea said: “The company keeps its commitment to sustainable development and hopes to strengthen cooperation with customers while reducing physical distance.”
Merck said that the company can now quickly respond to the needs of Asian customers.
According to public information, Merck Group, headquartered in Germany, is a world-leading technology company that has established branches in 67 countries and regions around the world, mainly focusing on three major areas: medical health, life health and electronic technology. In the field of OLED materials, Merck has more than 15 years of R&D experience and is one of the world’s leading suppliers of OLED materials, and South Korea is an important innovation and production center for Merck.
Today, Merck has chosen South Korea as its main investment destination. It is said that Merck plans to make a large-scale investment of about 4.2 billion yuan in South Korea within three years from this year. These investments will be aimed at component factories for liquid crystal display testing and OLED light-emitting material factories. Kai Beckmann, CEO of Merck Electronics, said in an interview with the media that South Korea is one of the main countries driving the development of the electronics industry (semiconductors and displays, etc.), and Merck’s goal is to become the most localized global cooperation partner.
“At present, South Korea is in an absolute leading position in the OLED market, and its global market share will exceed 80% in 2021. Driven by Samsung Display and LGD, the OLED industry chain has developed rapidly and is in a leading position, which has also attracted the industry. Upstream and downstream enterprises in the chain invest in Korea. Material and equipment manufacturers from upstream and downstream and local Korean panel manufacturers promote each other, jointly develop, and continuously improve industrial supporting capabilities, laying a solid foundation for the industrialization of OLED. “Ovi Ruiwo Advanced Research Manager Rong Chaoping told a reporter from China Electronics News.
The reporter learned that as early as 2015, Merck also opened an OLED Application Center (OAC) in Pyeongtaek, Gyeonggi, South Korea. In October 2020, Merck signed an MOU with Pyeongtaek City, South Korea, and planned to invest 20 million euros in the Gyeonggi Pusheng OLED manufacturing facility to expand production for the construction of a modular sublimation purification equipment system that is more convenient to add.
It is understood that OLED sublimation refining equipment is an equipment to improve the purity of organic materials used in OLED panels, and is regarded as the core of OLED material production. Merck has said that through investment, it can increase OLED manufacturing capacity in South Korea, and then provide high-purity OLED materials for Asian panel makers to enhance Merck’s reputation.
This time, by installing a material production facility in Korea, Merck is expected to help locally produced materials reach the best performance and quality levels, and customers will be able to receive OLED materials stably in Korea. Merck Korea said: “The company keeps its commitment to sustainable development and hopes to strengthen cooperation with customers while reducing physical distance.”
