
OLEDWorks invests USD74m to transition to manufacturing
Business news
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By
eeNews Europe
OLEDWorks plans to invest $73.6 million in the company’s Lyell Avenue plant. Earlier in 2015, the five-year-old company acquired Philips Lighting’s OLED technology and manufacturing plant based in Aachen, Germany.
The $73.6m investment will support OLEDWorks transition from an R&D phase to commercial manufacturing of OLED panels. OLEDWorks is now beginning to move into the first phase of manufacturing.
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