The leading science technology company Merck, to invest $23 million to expand its OLED (organic light-emitting diode) manufacturing capacity at its sites in Pyeongtaek, Korea and Shanghai, China. The investment will enhance local manufacturing capacities as well as strengthen the companys position as key supplier of high-purity OLED materials for panel makers in Asia.
- Additional sublimation units will be built to help meet customer demand in the growing OLED market.
- With its Performance Materials business sector, Merck is a leading player in the electronic materials market and OLED materials are one of the defined investment focus areas for future growth.
The prominent acquisitions and investments by Merck are featured below:
Oct 2020: Merck, announced to invest approximately $164 million for a new membrane production facility in Darmstadt, Germany. The expansion will create about 55 new jobs in the region.
Sep 2020: Merck, announced to invest approximately 70 million to expand its HPAPI and ADC manufacturing capabilities and capacity at its facility near Madison, Wisconsin, USA.
May 2020: Merck, announced its investment in a neuromorphic computing startup SynSense, based in China and Switzerland. The deal will boost Mercks presence in Chinese artificial intelligence market.
January 2020: Merck, had announced an investment of $275 million for a new Biotech Development Center in Switzerland. The new facility will be located in Corsier-sur-Vevey, Switzerland. Merck’s new center will be devoted to biotech development and manufacturing for clinical studies.
October 2019: Merck completed the acquisition of Versum Materials, Inc. for approximately $6.4 billion. The acquisition is expected to make Merck a leading electronic materials player focused on the semiconductor and display industries. The combination will increase the number of Merck employees by approximately 2,300 to a total of around 56,000 in 66 countries of the world.
October 2019: Merck, announced the expansion of its pigments production. The company expanded its global production capacities and optimized its manufacturing processes for effect pigments. The new facilities at the Gernsheim will significantly increase the production of silicon dioxide flakes, a special substrate for a whole range of unique effect pigments. The Gernsheim site is Merck’s largest pigment production facility worldwide.
Sept 2019: Merck completed the acquisition of California-based Intermolecular, Inc, an advanced materials innovator. The acquisition strengthens Merck as a strong solutions provider in the electronic materials industry positioned to drive the development of next-generation digital devices and technologies.
About Merck KGaA
Merck KGaA is a German science and technology company operating in various sectors such as healthcare, life science, and performance materials. The company was started in 1668, and now has approximately 56,000 employees across the world. It has global rights to use the Merck name and brand. The only exceptions are the USA and Canada, where the business sectors of Merck operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Performance Materials.