Cabot Microelectronics Corporation Announces the Grand Opening of its Research, Development and Manufacturing Facility in Sou...
August 26 2011 - 6:00AM
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, held a grand opening ceremony on August 25,
2011 for its new research, development and manufacturing facility
located in the Gyeonggi Province of South Korea. The grand
opening event was attended by a number of the company’s customers,
suppliers, co-suppliers and local dignitaries.
Cabot Microelectronics has invested approximately US$13 million
to construct the 56,000 square foot (5,213 square meter) facility,
which is located approximately 55 kilometers south of Seoul in
Gyeonggi Province. The new research, development and
manufacturing facility will enhance the company’s capabilities in
the region and allow better support for key customers located in
South Korea. Initially, the facility will support certain
advanced dielectrics slurry products, and additional CMP products
may be added in the future.
David Li, Cabot Microelectronics' Vice President of Asia,
stated, "It was my sincere honor to host our customers, suppliers,
co-suppliers and local dignitaries, at the recent grand opening
event. This new facility supports our strategic initiative to work
more closely with our customers in South Korea and better serve
this important market."
ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora,
Illinois, is the world's leading supplier of CMP polishing slurries
and a 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 1,000
employees on a global basis. For more information about Cabot
Microelectronics Corporation, visit www.cabotcmp.com or contact
Trisha Tuntland, Manager 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 June
30, 2011 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.
CONTACT: Trisha Tuntland
Manager, Investor Relations
(630) 499-2600
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