KPS Signs Supply Contract Worth 3.4 Billion KRW with Chinese FMM Manufacturer
KPS announced on the 21st that it has signed a process equipment supply contract worth approximately 3.4 billion KRW with Zhejiang Zhongling Technology Co., Ltd, a Chinese OLED (organic light-emitting diode) display parts and materials company.
This contract involves supplying existing 6th generation and next-generation 8th generation OLED process equipment to Zhongling, located in Zhejiang Province, China. The contract period is until September 30.
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Zhongling focuses on developing fine metal mask (FMM) technology, which is essential for OLED panel manufacturing, and has succeeded in trial production of 8th generation FMM as the second in the world after Japan's Dainippon Printing (DNP). Based on substantial government support for technology localization, it operates the world's largest single FMM production line.
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