Idemitsu Kosan Opens Shanghai Office for OLED Materials Business

TOKYO, Oct. 8, 2015 /PRNewswire/ -- Idemitsu Kosan Co., Ltd. announced on Oct. 8 that it opened its Shanghai Office the same day as a base to support organic light-emitting diode (OLED) panel manufacturers in China and collect information about the Chinese market.

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In China, robust capital investments are being made, mainly by major liquid crystal panel manufacturers, in mass-production equipment for OLED panels that will be the next generation of displays, making the country the center of attention as a region of significant growth in the manufacture of OLED panels. Shanghai, in particular, is the country's economic and industrial hub and the largest city exceeding Beijing, attracting many panel manufacturers that have made large-scale investments in OLED panel mass-production equipment.

Against this background, Idemitsu has decided to open its Shanghai Office for OLED materials business, expecting increases in demand and sales of OLED materials due to the expansion of the industry in China. Shanghai has a well-developed transportation network that extends across the country, enabling the company to easily access OLED panel manufacturers' manufacturing and R&D facilities in other areas of China.

The Shanghai Office is Idemitsu's third overseas base for the OLED materials business, following those in South Korea and Taiwan. The company will further improve customer services by enhancing the customer-oriented sales system. In order to respond to customers' needs, Idemitsu will establish solid manufacturing and sales systems, aiming to strengthen and expand the business as a global manufacturer of OLED materials.

Outline of Shanghai Office for Electronic Materials Department, Idemitsu Kosan Co., Ltd.