Konica Minolta and Pioneer established a joint venture
Japanese company Konica Minolta and Pioneer announced the creation of a joint venture Konica Minolta OLED Pioneer.
The new company will engage in the planning, development of technology and products, and marketing interests in the areas of activities of Konica Minolta and Pioneer of the production of OLED lighting panels.
The headquarters of Konica Minolta OLED Pioneer located in Tokyo. Capital of the company is 490 million yen. Konica Minolta and Pioneer are involved in the joint venture in equal shares. The staff of the new company employs about 50 people.
The partners expect to join Konica Minolta developments in production technologies and creation of equipment for roll printing of flexible panels with the achievements of the Pioneer in the field of serial production of OLED panels and their promotion and use of when Pioneer brands. Entering the market of automotive lighting OLED partners are calling one of the objectives of the joint venture.
Sources: Konica Minolta, Konica Minolta Pioneer OLED