Konica Minolta and Pioneer Establishes Joint Venture Company
for OLED Lighting Business
Tokyo (June 1, 2017) - Konica Minolta, Inc. (Konica Minolta) and Pioneer Corporation (Pioneer) announced that Konica Minolta Pioneer OLED, Inc. (Konica Minolta Pioneer OLED), the joint venture for Organic Light Emitting Diode (OLED) lighting business, was established on June 1, 2017.
The new company will take charge of business and product planning, product development, production technology development and marketing functions of both companies’ OLED lighting business to drive its initiatives.
Joint Venture Company Overview
|Company name||Konica Minolta Pioneer OLED, Inc.|
|Headquarters||Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo Japan|
|Capitals||490 million yen
(Investment ratio: Konica Minolta 50%, Pioneer 50%)
|Representative||Masahiro Nakakita, President|
|Number of employees||Approximately 50|
|Date of establishment||June 1, 2017|
|Commencement of operation||July 1, 2017|
|Business domain||Development and sales of OLED lighting panels|
Konica Minolta Pioneer OLED will generate synergies through combined strengths of Konica Minolta’s roll-to-roll method flexible panel manufacturing equipment and production technology and Pioneer’s achievement in OLED panel mass production and market rollout and its car electronics OEM business know-how.
With the establishment of the new company, Konica Minolta and Pioneer will accelerate business launch for OLED lighting not only in the existing fields of indicators, advertisement, beauty and medical lighting but also in the new field of automotive lighting, with enhanced values for customers.