Konica Minolta, Pioneer Form 50-50 Joint Venture in OLED Lighting Business

Konica Minolta and Pioneer formed a 50-50 joint venture to pursue business opportunities in OLED lighting, the companies said in a Thursday announcement. The new JV, which will begin operations July 1 and have 80 employees at the start, “will take charge of business and product planning, product development, production technology development and marketing functions of both companies’ OLED lighting business,” they said.