PPG Industries (NYSE: PPG) and Universal Display Corporation (Nasdaq: OLED) today marked the opening of a world-class organic light-emitting diode (OLED) materials production facility at PPG’s Barberton, Ohio plant. This new site, which PPG owns and operates, commenced manufacturing earlier this month and will foster the expanded development and production of Universal Display’s phosphorescent OLED (UniversalPHOLED®) materials.
Universal Display is the leading supplier of phosphorescent OLED materials, which are used to produce high-performance, thin, energy-efficient display and lighting products, including smartphones, televisions, and solid-state lighting applications. PPG is Universal Display’s exclusive manufacturer of UniversalPHOLED emitter materials, which offer significant advantages over conventional OLED technologies. The new facility provides the two companies with the resources to meet the high-volume needs of the growing OLED display and lighting industries.
The state-of-the-art production facility reinforces PPG’s long-term commitment to manufacturing in Ohio. “We are proud to announce the opening of a world-class production facility for OLED materials at PPG’s Barberton, Ohio, plant,” said Charles E. Bunch, PPG Chairman and CEO. “This investment furthers our commitment in this growing technology area and expands our partnership with Universal Display. As the market demand for energy-efficient, high-performance OLED displays and lighting devices continues to grow, we are better prepared today to meet their needs.”
“Congratulations to PPG on the opening of the new OLED Production Area. This new state-of the art facility builds upon a 113 year history in Barberton, and will expand PPG’s capabilities to produce energy efficient OLED display and lighting devices,” said U.S. Senator Rob Portman (R-Ohio). “I have introduced the Energy Savings and Industrial Competitive Act (ESIC), which will make it easier for employers to use energy-efficient tools, help them reduce their costs, and hire new workers. I am thankful for PPG’s support on ESIC, and look forward to working with them to promote a more energy-efficient economy while driving economic growth and encouraging private sector job creation.”