Up to 100 new jobs are to be created in Co Clare on the back of a new multimillion euro investment by OLED Material Manufacturing and PPG.
The two companies are jointly establishing a new manufacturing site in Shannon for the production of materials used in solid-state lighting applications.
The new facility is to be located at what was the former Avara pharmaceuticals plant in the Shannon Industrial Estate, with renovations and regulatory approvals expected to be competed in the next 12 months. Operations are expected to commence in 2022.
OLED Material Manufacturing is owned by Universal Display Corporation (UDC), a Nasdaq-listed company focused on organic light-emitting diode technologies and materials. PPG is a long-standing partner and exclusive manufacturer of UDC's UniversalPHOLED emitter materials.
"Our manufacturing expansion in Ireland allows UDC to strengthen its mission, which centres on enabling our customers and fostering the proliferation of energy-efficient OLED display and lighting applications in the consumer landscape," said Austin McCabe, director of OLED Material Manufacturing.
“This multimillion euro investment will expand the global manufacturing footprint for UDC’s proprietary state-of-the-art phosphorescent emissive materials to meet the substantial growth forecasted for the OLED market.”
