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Japan's Idemitsu to crank up OLED material capacity

Chemical company moves to capture demand as Apple adopts display technology

Idemitsu Kosan is a major manufacturer of the substances that will soon light up iPhone users' OLED screens.

TOKYO -- Idemitsu Kosan plans to boost production capacity for organic light-emitting diode materials by 70% over two years, moving to cultivate a new income stream as its mainstay oil segment falters.

The Tokyo-based company is aiming for an annual output capacity of 12 tons, about 70% over current levels, across its Japanese and South Korean plants in fiscal 2018. In South Korea it will add more production equipment, raising annual capacity there by 60% to 8 tons this fiscal year. Back home, it will introduce new methods to cut production time by two-thirds at its mainstay Shizuoka Prefecture plant in fiscal 2018, doubling annual capacity to 4 tons.

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