The company said March 19 that it held a completion ceremony a day earlier in Hamyeol, Iksan, with CEO Kim Tae-hyung and other executives and employees, along with North Jeolla Vice Gov. for Economic Affairs Kim Jong-hoon and Iksan Mayor Jeong Heon-yul.
The Hamyeol plant is a new production site created by relocating and expanding the company’s existing Iksan facility. It will serve as an integrated hub producing both OLED emissive materials (organic materials) and non-emissive materials (polymer materials).
Built on a 19,969-square-meter (6,050-pyeong) site in the Hamyeol Agro-Industrial Complex, the facility includes utility, synthesis and purification buildings, as well as offices. The company completed construction last month and, after receiving required approvals, began full-scale production this month.
Solus Advanced Materials said it plans to improve both efficiency and quality competitiveness by consolidating production of emissive and non-emissive materials at one site, aiming to create synergies between R&D and mass production and expand its presence in the global OLED materials market.
With expanded capacity, the company expects to accelerate mass production of a wider range of OLED materials. It said “Green PH,” which it expects to be highly profitable, is slated to enter full-scale mass production in the second half of this year. The company also plans to begin mass-production supply next quarter of thin-film encapsulation, or TFE, a non-emissive material.
The company said it will also step up development of new materials in line with global industry trends, including materials for artificial intelligence semiconductors and automotive batteries, to secure future growth engines and strengthen competitiveness in new markets.
“Hamyeol’s integrated OLED production base is a key manufacturing hub that will take Solus Advanced Materials’ OLED materials competitiveness to the next level,” Kim said. “We will secure market leadership by expanding R&D and production capabilities for high value-added materials and further strengthen our competitiveness in the global OLED materials market.”
* This article has been translated by AI.
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