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Mitsui Chemicals and Idemitsu Kosan Establish Business Alliance in OLED Materials Business

16 Feb 2006 - Mitsui Chemicals, Inc. (MCI) and Idemitsu Kosan Co., Ltd. (Idemitsu) have reached the agreement to establish a business alliance in R&D and manufacturing of OLED (Organic Light Emitting Diode) materials. MCI and Idemitsu continually examine to strengthen business areas in common, taking occasion to "the agreement to comprehensively study for cooperation in Chiba area" in February 2004.
 
The development of new OLED materials will be conducted by each firm. However, MCI and Idemitsu will significantly enhance efficiency of developing materials by combining "advanced molecular design and synthetic technology" of MCI and Idemitsu with "material's integration technology and practical evaluation technology", in which Idemitsu gains predominance.
 
With regard to OLED materials production, MCI and Idemitsu will intensify a stable supply and competitiveness by mutually making use of the manufacturing facilities owned and upgraded by each company. Specific measures for improvement of manufacturing system will be decided through the discussion between the two companies.
 
Idemitsu will be in charge of sales of new high-performance OLED materials based on the agreement.