Konica Minolta and Pioneer to spin-off their OLED businesses in joint venture, says report
Business news
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By
Julien Happich
The two companies would spin off their respective OLED development and sales operations into a new venture that will be an equity-method affiliate for both, with production facilities remaining with the respective parent companies.
According to the report, the move would seek to strengthen the companies in the automotive OLED market, combining Konica Minolta’s bendable lighting materials (on plastic-film substrates) with Pioneer’s own OLED expertise and broad business network in the automotive industry.
Konica Minolta and Pioneer target 25 billion yen ($220 million) in OLED lighting sales yearly over the medium term via the new company, up from an estimated few billion yen annually between them at present.
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