Press release
Universal Display Corporation and PPG Celebrate Opening of State-of-the-Art OLED Manufacturing Site in Shannon, Ireland
Initial 10 million euro investment launches multiyear, multiphase expansion plan for production of energy-efficient phosphorescent OLED materials SHANNON,
About this update from Universal Display Corporation
[{"type":"text","content":"\nInitial 10 million euro investment launches multiyear, multiphase expansion plan for production of energy-efficient phosphorescent OLED materials\n\n\n SHANNON, Ireland--(BUSINESS WIRE)--\nUniversal Display Corporation (Nasdaq: OLED) (UDC) and PPG (NYSE: PPG) today officially opened a new state-of-the-art organic light-emitting diode (OLED) manufacturing facility in Shannon, Ireland. This County Clare site is expected to double the production capacity and further diversify the worldwide manufacturing footprint for UDC’s energy-efficient phosphorescent OLED emissive materials for the growing OLED market. UDC’s initial investment of 10 million euros, and subsequent multimillion-euro expenditures and multiyear, multiphase expansions of the site are expected to have a significant positive economic impact on the region.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230517005788/en/Universal Display Corporation and PPG's new state-of-the-art OLED manufacturing site in Shannon, Ireland. (Photo: Business Wire)\nPPG produces UDC’s highly-efficient, high-performing UniversalPHOLED® materials. There are currently 50 people working at the new production site, and the headcount is expected to increase up to 100 as further investments roll out. The high-tech roles at the Shannon facility include engineering and operational disciplines, supply chain roles, synthetic chemists, and analytical technicians.\n\n\nPPG has been UDC’s exclusive manufacturer of phosphorescent OLED emitter materials since 2000. Broadening global manufacturing operations in Ireland builds on that longstanding partnership. The new facility in Shannon expands upon PPG’s established OLED production facilities located in Monroeville, Pa., and Barberton, Ohio.\n\n\nSpeaking at the event to mark the official opening, Norma Foley TD, Minister for Education, said, “The opening of this state-of-the-art new facility in Shannon is a significant development for the Mid-West region and is an endorsement of the Government’s continued focus on science, technology, engineering, and maths (STEM) academic programmes and the calibre of workforce we have here in Ireland. By working in partnership, PPG and UDC have grown exponentially, broadening global manufacturing operations in Ireland, building on successful foundations ...