Latest news with #JugalVijayvargiya
Yahoo
a day ago
- Business
- Yahoo
Materion expands chip materials production to South Korea
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Engineered materials maker Materion is expanding its global semiconductor production with the purchase of a manufacturing facility in South Korea, the Ohio-based company said May 29. The investment, expected to close within 90 days, would strengthen Materion's position as a leading supplier of tantalum products used in semiconductor chips for high-performance computing and artificial intelligence applications. Tantalum is a rare earth metal that is highly corrosion-resistant. Materion said it agreed to buy manufacturing assets from Korea-based manufacturer Konasol, including a newly constructed facility for producing deposition materials such as disc-shaped sputtering targets. 'The acquisition strengthens our footprint in Asia to support and service global Tier I semiconductor customers and expands our position as a leading global supplier of deposition materials,' Jugal Vijayvargiya, Materion's president and CEO, said in a statement. Even as international companies pledge to invest in the United States to avoid increased costs related to tariffs, some U.S. firms are looking at Asia for closer proximity to rare earth metals. The U.S. is largely dependent on China for rare earth imports. Uli Blankenstein, vice president of strategy and execution for Materion's electronic materials division, said in an email that the acquisition would improve the company's proximity to customers in the Asia Pacific region, such as semiconductor manufacturers, and add new operational capabilities. 'Together these things can only improve our connection with customers in the region,' Blankenstein wrote. If the deal closes, Blankenstein said eight Konasol employees will join Materion. Financial terms and factory details were not disclosed. Materion, founded in 1931 as Brush Beryllium Company with a focus on mining and metals, has transformed into a supplier of advanced materials to the semiconductor, industrial, energy and automotive sectors. The company has partnered with NASA and the Idaho National Lab on research and development projects, as well as Kairo Power to advance clean energy. Materion operates roughly 25 manufacturing sites around the world, according to its website. About half of its footprint is in the United States, with the remaining sites in Europe and Asia. The latest deal with Konasol would expand Materion's capacity into South Korea for the first time. The company's electronic materials division, which includes electric vehicle battery and deposition materials, grew to $335 million in sales in 2023, according to an investor presentation. That marked an increase from $196 million in 2020, driven in part by advancements in AI and 5G connectivity. Materion generated net sales of $1.7 billion in 2024, according to its annual report. The company saw net income of $5.9 million for the period, down from $95.7 million, citing challenging market factors. Recommended Reading TSMC to invest $100B in US manufacturing Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Materion Expands Semiconductor Footprint and Capabilities in Asia Through Key Acquisition
MAYFIELD HEIGHTS, Ohio, May 29, 2025--(BUSINESS WIRE)--Materion (NYSE: MTRN) announced today that it has agreed to purchase manufacturing assets for tantalum solutions in Dangjin City, South Korea, from Konasol, a Korean manufacturer serving the semiconductor and adjacent markets. This strategic investment expands Materion's global footprint with a facility in Asia to better serve semiconductor customers in that region. The transaction includes a newly constructed, state-of-the-art facility with specialized equipment used to produce fully finished tantalum sputtering targets. This acquisition strengthens Materion's position as a leading supplier of tantalum targets, increasing capacity to supply high growth critical deposition materials used in leading-edge semiconductor chips, including those used in high-performance computing and artificial intelligence applications. "Materion has been a strategic partner to the global semiconductor industry for nearly four decades," said Jugal Vijayvargiya, President and Chief Executive Officer. "The acquisition strengthens our footprint in Asia to support and service global Tier I semiconductor customers and expands our position as a leading global supplier of deposition materials." The transaction is subject to regulatory review and is expected to close within 90 days. Please refer to our investor presentation at for more information. About Materion Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,000 people worldwide, serving customers in more than 60 countries. View source version on Contacts FOR FURTHER INFORMATION, PLEASE CONTACT: MediaScott Tennant(216) InvestorsKyle Kelleher(216) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
Materion Expands Semiconductor Footprint and Capabilities in Asia Through Key Acquisition
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion (NYSE: MTRN) announced today that it has agreed to purchase manufacturing assets for tantalum solutions in Dangjin City, South Korea, from Konasol, a Korean manufacturer serving the semiconductor and adjacent markets. This strategic investment expands Materion's global footprint with a facility in Asia to better serve semiconductor customers in that region. The transaction includes a newly constructed, state-of-the-art facility with specialized equipment used to produce fully finished tantalum sputtering targets. This acquisition strengthens Materion's position as a leading supplier of tantalum targets, increasing capacity to supply high growth critical deposition materials used in leading-edge semiconductor chips, including those used in high-performance computing and artificial intelligence applications. 'Materion has been a strategic partner to the global semiconductor industry for nearly four decades,' said Jugal Vijayvargiya, President and Chief Executive Officer. 'The acquisition strengthens our footprint in Asia to support and service global Tier I semiconductor customers and expands our position as a leading global supplier of deposition materials.' The transaction is subject to regulatory review and is expected to close within 90 days. Please refer to our investor presentation at for more information. About Materion Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,000 people worldwide, serving customers in more than 60 countries.
Yahoo
15-05-2025
- Business
- Yahoo
Materion to Participate in KeyBanc's Industrials & Basic Materials Conference
MAYFIELD HEIGHTS, Ohio, May 15, 2025--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) will participate in the KeyBanc Industrials & Basic Materials Conference on May 29, 2025. Jugal Vijayvargiya, President and Chief Executive Officer and Shelly Chadwick, Vice President, Finance and Chief Financial Officer, will be available for one-on-one meetings with investors throughout the day. About Materion Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,000 people worldwide, serving customers in more than 60 countries. View source version on Contacts FOR FURTHER INFORMATION, PLEASE CONTACT: Investors: Kyle Kelleher(216) Sign in to access your portfolio
Yahoo
10-02-2025
- Business
- Yahoo
Materion Corporation to Announce Fourth Quarter and Full Year 2024 Financial Results on February 19
MAYFIELD HEIGHTS, Ohio, February 10, 2025--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) is scheduled to release its fourth quarter and full year 2024 financial results on February 19, 2025, before the opening of the New York Stock Exchange. The company will hold a conference call with investors at 10:00 AM ET that morning. Jugal Vijayvargiya, President and Chief Executive Officer, and Shelly Chadwick, Vice President, Finance and Chief Financial Officer, will represent Materion Corporation on the call. Conference Call and Slide Presentation To participate, please dial (888) 506-0062 or (973) 528-0011 for international participants and enter participant passcode 357106. Please be sure to dial in 10 minutes before the scheduled start time. A live webcast will be available on the company's website ( To access the webcast, click on Events & Presentations under the Investor Relations page. A recorded playback of the call will be available until March 5, 2025, at (877) 481-4010 or (919) 882-2331 for international calls; replay ID number is 51061. An archive of the call will also be available on the Company's website. About Materion Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,000 talented people worldwide, serving customers in more than 60 countries. View source version on Contacts Investors: Kyle Kelleher(216) Media: Jason Saragian(216)
