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Invests $45 million in company specializing in the development and manufacture of printed OLED displays.
August 24, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sumitomo Chemical Company has invested ¥5 billion ($45 million) in JOLED Inc., a Japan-based company engaged in the development, manufacture and sale of printed organic light-emitting diode (OLED) displays, by way of acquiring some of JOLED’s new shares issued through third-party allocation. With the capital raised through the third party allocation, JOLED is to establish production capabilities in its Nomi Site in Nomi City, Ishikawa, Japan, for the mass production of printed OLED displays....
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