UPDATED. 2021-02-26 22:24 (금)
P&H Tech to double OLED material production 
P&H Tech to double OLED material production 
  • Gijong Lee
  • 승인 2021.01.29 17:41
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Firm aims for 19.3 billion won sales in 2021
P&H Tech CEO Hyun Seo Yong Image: TheElec
P&H Tech CEO Hyun Seo Yong Image: TheElec

OLED material maker P&H Tech is aiming to double its production capacity this year, the company CEO said on Thursday.

CEO Hyun Seo Yong said the company was aiming for 19.3 billion won in sales and return to profitability in 2021. 

Last year, the company posted 8.5 billion won in sales and operating loss.

The firm first launched five kinds of Pd-catalysts in 2008 and followed up that up with hole transport layer (HTL) in 2009. In 2019, the firm launched high refraction capping layer (CPL) material and blue emission layer material. In 2020, P&H tech launched red emission layer material.

Hyun said CPL and blue emission layer material will lead the company’s growth going forward. CPL accounted for 23.6% of the company’s sales in the third quarter and blue emission layer material 9.9%.

CPL is put on top of the cathode of the emission layer to preserve the optical characteristics of the later. P&H Tech competes with Japan’s Hodogaya Chemical in CPL.

Image: P&H Tech
Image: P&H Tech

The South Korean OLED material maker is planning to collaborate with US’s Dupont to develop the red emission layer. It will also develop P-dophant, thermally activated delayed fluorescence (TADF), triple-triplet annihilation (TTA) material and soluble material by 2025.

Dupont accounts for 42% of the company’s sales, followed by LG Display’s 15%. Solus Advanced Materials accounts for 10% and Samsung Display 9%. China’s BOE and CSOT are also its customers.

P&H Tech is aiming to list on KOSDAQ on February 16. The funds from the listing will be spend to expand its synthesis factory’s production capacity from 2,000kg to 7,000kg and its purification factory from 3,264kg to 6,528kg. P&T Tech aims to begin production with the expanded capacity by the third quarter of 2021.

The company is listing 4.51 million shares, 15.2% of that will be offered for purchase. It is aiming for a share price between 14,000 won to 17,000 won. Korea Investment & Securities is underwriting the deal. It is aiming for around 10 billion in funding.

CEO Hyun founded P&H Tech in 2007 after previously working at Merk Korea and Daewoo Orion Electronics. The firm was listed on KONEX in 2016. It has applied for 187 patents and 65 of them has been registered.


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