Merck KGaA is to spend €20 million to expand the R&D and manufacturing capabilities at its site in Shizuoka, Japan, where it opened a 6,000 m2 facility in January. Due to be complete by January 2022, this will mainly address demand in areas driven by the digital economy boom.
Alongside its Q3 results, Merck KGaA presented its new sustainability strategy, which it said integrates sustainability “more strongly as an essential component of its corporate strategy”. The bonus pay of board members will be linked to progress in the three specific goals, which are:
1. “In 2030, Merck will achieve human progress for more than one billion people through sustainable science and technology”, with focus areas of sustainable innovations and technologies for customers, and the impact of its technologies and products on health and well-being
Merck KGaA, has announced a €20 million expansion of its OLED manufacturing capacity at sites in Pyeongtaek, Korea, and Shanghai, China. This comes in response to growing demand, the company said.
The investment will be spent on building a new modular production system to facilitate the installation of additional sublimation units. These units are central to material purity, which is one of the most important factors in the performance and lifetime of OLED devices.
