September 27, 2017 4:56 am JST

Idemitsu, Toray sign OLED tech cooperation agreement

Japanese duo to develop more efficient, durable raw materials

Big-screen OLED TVs currently sell for nearly twice their LCD counterparts.

TOKYO -- Idemitsu Kosan and Toray Industries will together develop technologies to improve the efficiency and durability of OLED panels, the pair said Tuesday.

The oil distributor and the materials producer both make materials used in organic light-emitting diode panels, but they have different strengths. The partners will join their materials and technologies to help make OLED panels more durable, energy-efficient and cheaper to manufacture.

Idemitsu has production and materials evaluation sites in Chiba and Shizuoka prefectures, as well as in Switzerland and South Korea, the home of OLED giant Samsung Electronics. Toray, meanwhile, has just one OLED materials plant in Shiga Prefecture. They may jointly use these sites to offer more flexible customer services.

Samsung has used OLED panels in its smartphones for some time, and Apple has started using them in its handsets as well. When it comes to OLED televisions sets, South Korea's LG Electronics had been the only player, but others have started releasing such TVs.

OLED display offers better image quality than liquid crystal display, and is easier to process into curves. Lower costs and longer product life could accelerate the shift from LCD to OLED.

(Nikkei)

Idemitsu Kosan Co., Ltd.

Japan

Market(Ticker): TKS(5019)
Sector:
Industry:
Energy Minerals
Integrated Oil
Market cap(USD): 5,740.54M
Shares: 208M

Toray Industries, Inc.

Japan

Market(Ticker): TKS(3402)
Sector:
Industry:
Process Industries
Textiles
Market cap(USD): 15,842.79M
Shares: 1,631.48M
Asia300

Samsung Electronics Co., Ltd.

South Korea

Market(Ticker): KRX(005930)
Sector:
Industry:
Electronic Technology
Telecommunications Equipment
Market cap(USD): 337,734.98M
Shares: 148.18M
Asia300

LG Electronics, Inc.

South Korea

Market(Ticker): KRX(066570)
Sector:
Industry:
Consumer Durables
Electronics/Appliances
Market cap(USD): 13,946.84M
Shares: 163.64M

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