A new multi-million-euro manufacturing site in Shannon is set to create up to 100 high-tech jobs when it opens next year.
PPG and OLED Material Manufacturing Ltd. are jointly establishing the new manufacturing site in Co Clare for the production of materials used in solid-state lighting applications.
The facility is expected to 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.
PPG is the longstanding partner and exclusive manufacturer of UDC’s UniversalPHOLED emitter materials. OLED Material Manufacturing Limited is a wholly-owned subsidiary of UDC Ireland Ltd., which is a subsidiary of UDC.
Facility renovations and regulatory approvals at the Shannon site are expected to be completed in the next 12 months so that operations can commence in 2022.
The announcement was welcomed by Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD, who said: “This major announcement by OLED Material Manufacturing and PPG is a welcome boost to the Mid-West region.
“It will make a significant contribution to Shannon and the Irish economy in terms of job creation, investment and innovation. Technology is one of the fastest-growing sectors here in Ireland and globally, and I wish the team continued success.”
Gerry Cahill, PPG plant manager, Shannon, added: “This project will bring a broad spectrum of jobs, a large number of which are 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.”