DuPont is upping its investment in the organic television and phone imaging market – one that is expected to exceed $44 billion by 2020 – with the opening of a new production facility in Newark.
The plant will manufacture materials to create large-format Organic Light Emitting Diode, or OLED, displays. OLED displays are used in large-screen televisions, mobile phones and computers to create a brighter, more vivid and longer-lasting images.
Avula said DuPont’s investment in the market could one day help consumers spend less money on large-screen televisions. Currently, such televisions cost between $2,000 and $2,500.
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