Japan’s TSNC invests in Chinese OLED material developer
TSNC through the corporation’s Taiyo Nippon Sanso (China) Investment Co., Ltd., has invested in Jilin OLED Material Tech Co., Ltd., a Chinese venture company based in Changchun in the north east of China and is a developer of high-purity OLED materials.
Jilin OLED, established in 2005, has made progress in developing high-purity OLED materials and acquired several key customers in China. With the Chinese OLED industry being supported by the Chinese government, Jilin OLED has also ramped up both production and R&D capabilities for upcoming OLED materials demands in the Chinese market which has resulted in long-term cooperative connections with customers. Jilin OLED is now expanding its business to markets within and outside of China. The investment is also a part of executing an electronics business strategy to capture the growing demand in the emerging OLED display market.
The TNSC Group will use the company’s sales network and corporate branding in the global electronics market to promote Jilin OLED’s products by bundling them with TNSC’s electronics products. Along with the equity investment in Jilin OLED, TNSC and Jilin OLED will collaborate in a quality enhancement program of Jilin OLED products by applying TNSC’s quality know-how cultivated in the electronics market.
TNSC will also collaborate in the research and development of purification technology for OLED materials.
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