SHANNON Chamber welcomes the announcement today by OLED Universal Display Corporation (Nasdaq: OLED) and PPG (NYSE: PPG) that OLED Material Manufacturing Ltd. (OM2) and PPG are embarking on a multi-million-euro capital investment that is expected to create up to 100 high-tech jobs at a new Shannon manufacturing site.
Commenting on the announcement, Chamber CEO Helen Downes said’ “The significance of a decision of this nature is manifold. Not only does it bring new investment to Shannon but it provides opportunities at a much wider level, through the delivery of high-calibre employment and the attraction of new skills in a technology-driven sector.
“It is also great to see a technology of the future, namely, PHOLED (phosphorescent OLED), an OLED that has up to four times higher efficiency than that of a conventional fluorescent OLED, breathing new life into a site that has a long association with manufacturing in Shannon.
“We welcome OLED Material Manufacturing and PPG into the Shannon fold and look forward to working with the executive team as they ramp up their Shannon operation.”
