Cabot Microelectronics Corporation Reports Geino, Japan Facilities Not Directly Affected by Earthquake
March 13 2011 - 4:55PM
Cabot Microelectronics Corporation (NASDAQ: CCMP), the world's
leading supplier of chemical mechanical planarization (CMP)
polishing slurries and a growing CMP pad supplier to the
semiconductor industry, today reported that all of its employees in
Japan are safe in the wake of Friday's earthquake and
tsunami.
In addition, the company's Geino, Japan manufacturing and
research and development facilities, located approximately 500
miles from the earthquake’s epicenter, were not directly affected
by the disaster, and presently continue to operate on schedule and
at normal production levels. The company's other
administrative operations in Japan also were generally not impacted
by the earthquake. The company continues to monitor shipping
and transportation operations to confirm the status of planned
shipment and delivery schedules, and to work with its suppliers to
confirm future materials supply and availability. At present,
the company believes that its inventories and shipments are not at
risk, and its main focus continues to be on providing any
assistance needed to its employees and customers, as well as with
general relief efforts.
ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora,
Illinois, is the world's leading supplier of CMP polishing slurries
and growing CMP pad supplier to the semiconductor industry. The
company's products play a critical role in the production of
advanced semiconductor devices, enabling the manufacture of
smaller, faster and more complex devices by its customers. The
company's mission is to create value by developing reliable and
innovative solutions, through close customer collaboration, that
solve today's challenges and help enable tomorrow's technology.
Since becoming an independent public company in 2000, the company
has grown to approximately 975 employees on a global basis. 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, contraction or trends; growth or contraction
of the markets in which the company participates; international
events or various economic 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; natural disasters; 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
December 31, 2010 and in the company’s annual report on Form 10-K
for the fiscal year ended September 30, 2010, both filed with the
SEC. Cabot Microelectronics assumes no obligation to update this
forward-looking information.
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