Materion Establishes New Facility to Accelerate Growth in the Semiconductor and Electric Vehicle Markets
August 01 2022 - 10:00AM
Business Wire
Materion Corporation (NYSE: MTRN), a world leader in
high-performing advanced materials, announced today that it has
established a new facility in Milwaukee, Wisconsin to accelerate
the growth of advanced chemical solutions for the semiconductor and
electric vehicle (EV) battery markets.
The new 150,000 square foot facility expands the company’s
capacity to produce Atomic Layer Deposition (ALD) materials for the
most sophisticated semiconductor chips and provide advanced
chemicals for the development of next-generation battery technology
for EV’s. Production capabilities are expected to ramp up during
the first half of next year.
“This expansion is in direct response to the confidence that our
customers have in Materion as a critical partner in the development
of game-changing technologies to advance growth aligned with these
exciting megatrends,” President and CEO Jugal Vijayvargiya said.
“We are proud of the role that we will play in the development of
the most technically advanced semiconductor chips for a wide
variety of applications as well as next-generation batteries that
will support the broader adoption of electric vehicles
globally.”
Building on Materion’s existing portfolio of electronic
materials and premium thin film target solutions, the expansion of
its ALD capabilities will significantly enhance the company’s
position as a leading global supplier to the high-growth
semiconductor industry. The move follows the company’s successful
2021 acquisition of the HCS-Electronic Materials business, which
added tantalum- and niobium- based solutions to Materion’s
portfolio of precious and non-precious metal targets, extending the
company’s global reach and expanding its position with leading
semiconductor chip manufacturers.
On the EV front, Materion is working with a number of leading
battery manufacturers on the development of inorganic chemicals to
be used in their next-generation battery solutions focused on
enabling longer range, faster-charging and enhanced safety.
Following a multi-year R&D partnership, one specific customer
is funding $6 million to establish a prototype line in the new
Milwaukee facility. Materion’s relationships with next-generation
battery customers are expected to further strengthen the company’s
already strong position as a critical supplier to the automotive
market, as today the company develops advanced materials for use in
a wide variety of applications that include battery and electric
connectors and lidar optics.
About Materion
Materion Corporation is headquartered in Mayfield Heights, Ohio.
Materion, through its wholly owned subsidiaries, supplies highly
engineered advanced enabling materials to global markets. Products
include precious and non-precious specialty metals, inorganic
chemicals and powders, specialty coatings, specialty engineered
beryllium alloys, beryllium and beryllium composites, and
engineered clad and plated metal systems.
FORWARD-LOOKING
STATEMENTS
Portions of the narrative set forth in this document that are
not statements of historical or current facts are forward-looking
statements. Our actual future performance may materially differ
from that contemplated by the forward-looking statements as a
result of a variety of factors. These factors include, in addition
to those mentioned elsewhere herein: our ability to achieve the
strategic and other objectives related to the acquisition of
HCS-Electronic Materials, including any expected synergies; our
ability to successfully integrate the HCS-Electronic Materials
business and other such acquisitions and achieve the expected
results of the acquisition, the ultimate impact of the COVID-19
pandemic on our business, results of operations, financial
condition, and liquidity; the global economy, including
inflationary pressures, potential future recessionary conditions,
and the impact of tariffs and trade agreements; the condition of
the markets which we serve, whether defined geographically or by
segment; changes in product mix and the financial condition of
customers; our success in developing and introducing new products
and new product ramp-up rates; our success in passing through the
costs of raw materials to customers or otherwise mitigating
fluctuating prices for those materials, including the impact of
fluctuating prices on inventory values; our success implementing
our strategic plans and the timely and successful completion and
start-up of any capital projects; other financial and economic
factors, including the cost and availability of raw materials (both
base and precious metals), physical inventory valuations, metal
consignment fees, tax rates, exchange rates, interest rates,
pension costs and required cash contributions and other employee
benefit costs, energy costs, regulatory compliance costs, the cost
and availability of insurance, credit availability, and the impact
of the Materion’s stock price on the cost of incentive compensation
plans; the uncertainties related to the impact of war, terrorist
activities, and acts of God; changes in government regulatory
requirements and the enactment of new legislation that impacts our
obligations and operations; the conclusion of pending litigation
matters in accordance with our expectation that there will be no
material adverse effects; the disruptions on operations from, and
other effects of, catastrophic and other extraordinary events; and
the risk factors set forth in Part 1, Item 1A of our 2021 Annual
Report on Form 10-K.
Materion Corporation is headquartered in Mayfield Heights, Ohio.
The Company, through its wholly owned subsidiaries, supplies highly
engineered advanced enabling materials to global markets. Products
include precious and non-precious specialty metals, inorganic
chemicals and powders, specialty coatings, specialty engineered
beryllium alloys, beryllium and beryllium composites, and
engineered clad and plated metal systems.
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version on businesswire.com: https://www.businesswire.com/news/home/20220801005584/en/
Investor Contact: Kyle Kelleher
(216) 383-4931 kyle.kelleher@materion.com Media Contact: Jason Saragian (216) 383-6893
Jason.Saragian@materion.com
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