Cabot Microelectronics Celebrates the Grand Opening of Its Global Pads Manufacturing Center
October 17 2008 - 8:30PM
Business Wire
Cabot Microelectronics Corporation (Nasdaq: CCMP), the world�s
leading supplier of chemical mechanical planarization (CMP)
polishing slurries to the semiconductor industry, today celebrated
the grand opening of its global pads manufacturing facility in
Aurora, Illinois. Company management and employees were joined at
the ceremony by the Mayor of Aurora and other local officials to
commemorate this historic event for the company. Cabot
Microelectronics offers its Epic D100 polishing pad line, which
complements the company�s CMP slurry product offerings. The
company�s polishing pads business has grown from less than $1
million in revenue for fiscal 2007 to approximately $15 million in
revenue for fiscal 2008, which ended September 30. Rapid growth in
the pads business has led to the investment in the company�s Aurora
facility, the creation of 90 new jobs at the company within the
local community, and the generation of increased business for
Illinois and United States suppliers. �I am very proud of the
success we have had in our emerging polishing pads business, in
terms of customer adoptions of our innovative product, which has
driven the capacity expansion that we are celebrating today,� said
William Noglows, Chairman and CEO of Cabot Microelectronics. �We
have had a strong relationship with the City of Aurora, where our
company began, and are delighted with the hospitable climate here
for business investment.� ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora,
Illinois, is the world's leading supplier of CMP slurries used in
semiconductor and data storage manufacturing. The company's CMP
slurry and pad products play a critical role in the production of
the most advanced semiconductor devices, enabling the manufacture
of smaller, faster and more complex devices by its customers. Since
becoming an independent public company in 2000, the company has
grown to approximately 800 employees on a global basis. The company
is also leveraging its expertise in CMP slurry formulation,
materials and polishing techniques developed for the semiconductor
industry and applying it to demanding surface modification
applications where shaping, enabling and enhancing the performance
of surfaces is critical to success. For more information about
Cabot Microelectronics Corporation, visit www.cabotcmp.com or
contact Amy Ford, Director of Investor Relations at (630) 499-2600.
SAFE HARBOR STATEMENT This news release may include statements that
constitute "forward looking statements" within the meaning of
federal securities regulations. These forward-looking statements
include statements related to: future sales and operating results;
company and industry growth or trends; growth of the markets in
which the company participates; international events or various
macroeconomic factors; product performance; the generation,
protection and acquisition of intellectual property, and litigation
related to such intellectual property; new product introductions;
development of new products, technologies and markets; the
acquisition of or investment in other entities; uses and investment
of the company�s cash balance; and the construction of facilities
by Cabot Microelectronics Corporation. These forward-looking
statements involve a number of risks, uncertainties, and other
factors, including those described from time to time in Cabot
Microelectronics' filings with the Securities and Exchange
Commission (SEC), that could cause actual results to differ
materially from those described by these forward-looking
statements. In particular, see "Risk Factors" in the company�s
quarterly report on Form 10-Q for the quarter ended June 30, 2008
and in the company�s annual report on Form 10-K for the fiscal year
ended September 30, 2007, both filed with the SEC. Cabot
Microelectronics assumes no obligation to update this
forward-looking information.
CMC Materials (NASDAQ:CCMP)
Historical Stock Chart
From Sep 2024 to Oct 2024
CMC Materials (NASDAQ:CCMP)
Historical Stock Chart
From Oct 2023 to Oct 2024