Advertisement

This site uses cookies to enhance your user experience. By continuing to use this site you are agreeing to our COOKIE POLICY.

ACCEPT AND CLOSE

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

The key to knowledge is in your (nitrile-gloved) hands

Already an ACS Member?  

Basic

$0 Community Associate

ACS’s Basic Package keeps you connected with C&EN and ACS.

  • Access to 6 digital C&EN articles per month on cen.acs.org
  • Weekly delivery of the C&EN Essential newsletter
JOIN NOW
Standard

$80 Regular Members & Society Affiliates

ACS’s Standard Package lets you stay up to date with C&EN, stay active in ACS, and save.

Eligibility restrictions apply. Review ACS Membership Packages to see if you qualify.

JOIN NOW
Premium

$160 Regular Members & Society Affiliates
$55 Graduate Students
$25 Undergraduate Students

ACS’s Premium Package gives you full access to C&EN and everything the ACS Community has to offer.

  • Unlimited access to C&EN’s daily news coverage on cen.acs.org
  • Weekly delivery of the C&EN Magazine in print or digital format
  • Access to our Chemistry News by C&EN mobile app
  • Significant discounts on registration for most ACS-sponsored meetings
ACS offers discounts for some countries outside the United States. This discount is shown at checkout, if applicable.

JOIN NOW

Thank you!

Your account has been created successfully, and a confirmation email is on the way.

Your username is now your ACS ID.

ENJOY UNLIMITED ACCES TO C&EN

Materials

South Korea’s Cheil Buys Novaled Stake

by Michael McCoy
August 19, 2013 | A version of this story appeared in Volume 91, Issue 33
Advertisement

Most Popular in Materials

[+]Enlarge
Credit: Novaled
Novaled is developing OLED materials for lighting.
This is a picture of a lighting panel made using Novaled’s Organic light emitting diode technology.
Credit: Novaled
Novaled is developing OLED materials for lighting.

Cheil Industries, part of South Korea’s Samsung Group, has agreed to acquire a 50% stake in Novaled, a German supplier of materials for organic light-emitting diodes. The transaction values Novaled at nearly $350 million. Founded in 2001 as a spin-off from Dresden University of Technology and the Fraunhofer Institute of Dresden, Novaled had sales last year of about $34 million. Cheil says the purchase will enhance its own OLED business, which includes the supply of electron-transport-layer materials used in Samsung’s Galaxy S4 mobile phone.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.
GET MORE
GET MORE