US firms UDC and PPG open new manufacturing site in Shannon

The new site currently employs 50 people, with multiphase expansions set to increase the site's headcount to more than 100

Founded in 1994, Universal Display Corporation has grown to become a multinational LED manufacturer, and owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide.

US manufacturer Universal Display Corporation and coatings company PPG have opened a new manufacturing facility in Shannon focusing on the production of organic LEDs, with an initial €10m investment set to double the site's production capacity.

Following the initial investment will be subsequent multimillion-euro expenditures and multiyear, multiphase expansions of the site.