He expanded to selling fuel oil for fishing boats in Shimonoseki. A branch was opened in Dalian , northeast China and Idemitsu attempted to enter the Chinese market that was dominated by western companies like Standard Oil and the Asiatic Petroleum Company a Shell subsidiary. The company extended through northern China and into Korea and Taiwan. Instead he went into transport by oil tanker. In the headquarters were moved to Tokyo and the name changed to the current Idemitsu Kosan K. With the Japanese military expansion and United States joining the Pacific War the government took control of all industries.
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Idemitsu now updates that it is starting to construct the new production plant, which will have a capacity of 12 tonnes per year. The construction will be completed by November and commercial production is scheduled to begin in the first quarter of Idemitsu says that this new production plant will enable it to meet the growth in demand from OLED makers in China. Toray and Idemitsu will mutually utilize the OLED materials, technology and expertise that both companies possess, and will cooperate in the development of new materials and material evaluation.
The two companies will also jointly use their evaluation facilities and production facilities. Both companies hope that this collaboration will accelerate OLED material development and enable lower cost production. Idemitsu and LG Chem hope that this collaboration and patent sharing agreement will accelerate the development of new high-performance OLED materials. Through this cooperative arrangement, both companies will strongly support the OLED business of LG Display - but will also offer the outcome of this collaboration to other display companies.
Idemitsu now announced that it plans to establish a new OLED materials development company in Switzerland. Idemitsu says the new company will be established "in order to enhance its development structure in preparation for future growth in demand for OLED materials". Read the full story Posted: Jan 21, Pages.
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