The facility will supply leading-edge emissive materials to serve the rapidly growing active matrix OLED market.
PHILADELPHIA & SEOUL, South Korea--(BUSINESS WIRE)--Dow Electronic Materials, a business unit of Dow Advanced Materials, today held an opening ceremony to inaugurate its new OLED Electronic Materials facility in Cheonan, Korea. The facility will supply leading-edge emissive materials to serve the rapidly growing active matrix OLED market. The opening ceremony was held at the Cheonan, Korea manufacturing facility and was attended by Jerome A. Peribere, president and CEO of Dow Advanced Materials, and regional government officials from South Chungchong Province and Cheonan City.
“Dow’s new OLED manufacturing facility provides a strong foundation for Dow to meet the demands of this emerging market, particularly in Korea and East Asia”
Dow’s new OLED production facility is located in the Cheonan Industrial Cluster for Foreign Investors. The new manufacturing facility, which began operation in December 2009, produces leading-edge emissive materials that provide the brilliant color for OLED displays.
“Dow’s new OLED manufacturing facility provides a strong foundation for Dow to meet the demands of this emerging market, particularly in Korea and East Asia,” said Dominic Yang, Group Vice President, Dow Electronic Materials. “The new OLED facility reinforces Dow’s business leadership in the display technology market and complements well our recently announced plans to build a new R&D center, and trimethyl gallium plant in Korea.”
Dow has invested more than $300 million in the Korean electronic materials industry over the last 10 years, including the recently announced expansion of manufacturing capacity for TMG (trimethyl gallium), which is core material for LED production, and The Dow Seoul Technology Center in Hwaseong, Gyeonggi Province, which will focus on technologies for flat panel displays and semiconductors.
The Cheonan facility also includes manufacturing operations for Dow’s semiconductor technologies business.
About Dow Electronic Materials
Dow Electronic Materials, a global supplier of materials and technologies to the electronics industry, brings innovative leadership to the semiconductor, interconnect, finishing, photovoltaic, display, LED and optics markets. From advanced technology centers worldwide, teams of talented Dow research scientists and application experts work closely with customers, providing solutions, products and technical service necessary for next-generation electronics. These partnerships energize Dow’s power to invent. Its key end-use applications include a broad range of consumer electronics from personal computers, to television monitors, cellular phones, global positioning systems, automobile safety systems, and avionics.
About The Dow Chemical Company
Dow combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world’s most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow’s diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2009, Dow had annual sales of $45 billion and employed approximately 52,000 people worldwide. The Company’s more than 5,000 products are manufactured at 214 sites in 37 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
For media inquiries, please contact Shari Samuels, The Dow Chemical Company, at (215) 592-6877, ssamuels@dow.com or Jason Kwon, The Dow Chemical Company, at +82 2-2183-1895.
