With substantial global growth forecast for the OLED display market, Shannon will be positioned to capitalise on the next phase of growth in the tech industry.
OLED Material Manufacturing and PPG are embarking on a multi-million euro capital investment that is expected to create 100 new hi-tech jobs at a new manufacturing site in Shannon.
The facility, which was announced in February 2021, will broaden the global footprint and increase the production of Universal Display Corporation’s (UDC) energy-efficient, high-performing UniversalPHOLED materials to meet growing organic light emitting diode (OLED) market demand and evolving industry requirements.
“The expansion into Ireland with the addition of the Shannon facility shows confidence in not only the UDC-PPG partnership but also in Ireland as a place in which to invest and do business”
“Our manufacturing expansion in Ireland allows UDC to strengthen its mission, which centres on enabling our customers and fostering the proliferation of energy-efficient OLED display and lighting applications in the consumer landscape,” explained Austin McCabe, director of OLED Material Manufacturing Limited.
“Leveraging UDC Ireland’s presence, the site’s infrastructure and the Mid-West region’s top-level talent, we are excited about the new Shannon facility. Together with our long-term partner, PPG, this multi-million-euro investment will expand the global manufacturing footprint for UDC’s proprietary state-of-the-art phosphorescent emissive materials to meet the substantial growth forecasted for the OLED market.”
A broad spectrum of jobs
Gerry Cahill, PPG plant manager at Shannon said the project will bring a broad spectrum of jobs, a large number of which will be highly-skilled to the Mid-West region.
“PPG has been producing high-performance OLED materials for UDC for the past 20 years. The expansion into Ireland with the addition of the Shannon facility shows confidence in not only the UDC-PPG partnership but also in Ireland as a place in which to invest and do business. In this regard, we are thankful for the support of the Irish Government through IDA Ireland,” said Cahill.
The investment was welcomed by IDA Ireland CEO Martin Shanahan. “This decision by OLED Material Manufacturing and PPG to invest in Shannon demonstrates the companies’ confidence in the availability of a skilled and talented workforce in the Mid-West Region.
“This announcement is further evidence of IDA Ireland’s continued commitment to winning jobs and investment for regional locations. I wish OLED Material Manufacturing and PPG every success as they progress with their manufacturing site in Shannon.”