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SEOUL, KOREA – April 6, 2018 – Entegris, Inc. (NasdaqGS: ENTG), a leader in specialty chemicals and advanced materials solutions, announced today that in 2018, it will expand its JangAn facility to add research and development (R&D) and manufacturing capabilities for Advanced Deposition Materials (ADM). This investment will augment existing R&D capabilities at its Korea Technology Center in Suwon and create a single facility that ranges from initial product conceptualization to full manufacturing. The expansion will be the largest investment in scale over the past five years in JangAn facility, making the total investment there approximately KRW 50 billion, or USD 45 million.
Entegris’ ultimate goal is to make the JangAn facility its largest global manufacturing site for specialty chemicals and engineered materials and its ADM manufacturing center of excellence in Asia. Entegris plans to ship its first ADM products manufactured in JangAn by the end of this year.
This investment continues Entegris’ commitment to both the Korean and global ADM market as these additional resources will offer quick transition of products from development to manufacturing, increased supply stability, reduced lead time, and rapid technical support.
“We have witnessed increasing customer confidence over the years thanks to the operational excellence, quicker technical support, and responsiveness we provide through our JangAn facility,” said Stuart Tison, senior vice president of Specialty Chemicals and Engineered Materials Division, Entegris, “According to Linx Research, the semiconductor market, and in particular, deposition precursors will continue to grow at double digits over the coming years. With the expansion of its JangAn facility, Entegris is ready to meet our customers’ growing needs from development through to high-volume manufacturing in a single facility.”
In addition to ADM, the facility also manufactures a broad range of specialty materials, advanced material handling, and leading-edge microcontamination control solutions. Its portfolio includes specialty gases, formulated chemistries, 3D liners, gas purification systems and specialty coatings. The facility is ISO 9001, ISO14001, and OHSAS 18001 certified and includes almost 26,000 m2 of land and 11,000 m2 structure.
Entegris has been investing and expanding the JangAn facility every year since its inception in 2012. With this growth and diversification, the number of employees has increased by almost 30% in the past two years. In addition to JangAn, Entegris has another manufacturing facility in Wonju that focuses on fluid management components. In 2017, Entegris Korea was awarded as a Successful Foreign Invested Company in Korea.
Entegris is a leader in specialty chemicals and advanced materials solutions for the microelectronics industry and other high-tech industries. Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information can be found at entegris.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would,” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements related to market trends in the semiconductor industry and other matters. These statements involve risks and uncertainties, and actual results may differ. These risks and uncertainties include, but are not limited to, weakening of global and/or regional economic conditions, generally or specifically in the semiconductor industry, which could decrease the demand for our products and solutions; and additional information described in our filings with the Securities and Exchange Commission, including under the heading “Risks Factors” in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed on February 15, 2018, and in our other periodic filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.