UPDATED. 2021-12-03 14:31 (금)
OLED FMM firm Poongwon aims to go public 
OLED FMM firm Poongwon aims to go public 
  • Gijong Lee
  • 승인 2021.04.10 11:00
  • 댓글 0
이 기사를 공유합니다

Company supplies OMM to Samsung and LG
FMM Image: Poongwon Precision
FMM Image: Poongwon Precision

Poongwon Precision is aiming to list on KOSDAQ this year, TheElec has learned.

The company is also aiming to supply its fine metal mask (FMM) for OLED within the year, people familiar with the matter said.

FMM is used to deposit organic material, during the production of OLED.

In February, Poongwon was one of the companies to win the Ministry of Trade, Industry and Energy’s project to develop FMM. The company will be developing a non-etching method to manufacture FMM.

The company beat Olum Materials to win the order.

The worldwide FMM market is dominated by Japan’s Dai Nippon Printing (DNP). DNP uses the etching method of production for its FMM.

Japan’s Hitachi Metal is also the exclusive supplier of invar used to manufacture FMM.

Poongwon is aiming for sales of 50 billion won this year, which will be over 30% of its sales in 2020. It is aiming for an operating margin of 5% __ much more than the 1% in 2019 and 2020.

The company’s current mainstay is open metal mask (OMM), which is also used in OLED production.

It supplies its products to LG Display and Samsung Display. LG Display was its sole customer for OMM until it began supplying them to Samsung Display in the later half of 2019. Saewoo Inc supplies more OMM to Samsung Display compared to Poongwon.

Pim, another OMM maker, supplies most of its goods to a Chinese display panel maker.

Poongwon is aiming to list on KOSDAQ using a new rule for tech firms that allows for fast-tracking of the process with less stringent evaluation standard.

OMM Image: Poongwon Precision
OMM Image: Poongwon Precision

 


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2021 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트