TEMPE, Ariz.--(BUSINESS WIRE)--Versum Materials, Inc. (NYSE: VSM), a leading materials supplier to the semiconductor industry, announced today that it would expand its manufacturing capacity at its Delivery Systems and Service (DS&S) headquarters in Allentown, Pennsylvania. To support customer demand and the growth in its DS&S business, new positions will be created for highly skilled technicians, engineers, quality control personnel, and manufacturing and support staff.
The timing of the expansion aligns with the 25th anniversary of manufacturing at the Allentown location. The 31,000-square-foot, state-of-the-art facility was established in 1992 as the Semiconductor Equipment Manufacturing Center (SEMC) of Air Products, which Versum Materials spun-off from in October 2016. The facility will be rebranded Vultee Street as part of this announcement.
The manufacturing capacity expansion will serve the semiconductor, LCD and LED markets around the globe with gas and chemical delivery equipment designed to meet their precise purity and safety requirements. This investment will increase the production of Versum Materials’ line of GASGUARD® ultra-high purity specialty gas equipment and CHEMGUARD® chemical delivery equipment.
Last year, Versum Materials increased capacity at its DS&S manufacturing location in Ansan, South Korea, where in addition to the above-mentioned equipment, it produces a line of GASKEEPER™ specialty gas equipment designed specifically for the region.
“We are excited about our prospects for growth in the industry and supporting our valued customers with state-of-the-art, high-purity equipment. We are enhancing our manufacturing capacity to keep pace with our customers’ increasing requirements for more flexibility and shorter lead times,” said Jeff White, vice president and general manager of DS&S.
The company expects the expansion of the Allentown facility to be complete this spring. A list of open positions can be found on the company’s career page.
About Versum Materials
Versum Materials, Inc. (NYSE: VSM) is a leading electronic materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor, display and LED industries. Derived from the Latin word for “toward,” the name “Versum” communicates the company’s deep commitment to helping customers move toward the future by collaborating, innovating and creating cutting-edge solutions.
A global leader in technology, quality, safety and reliability, Versum Materials is one of the world’s leading suppliers of next generation CMP slurries, ultra-thin dielectric and metal film precursors, formulated cleans and etching products, and delivery equipment that has revolutionized the semiconductor industry. Versum Materials, which began “regular way” trading October 3, 2016 on the NYSE as an independent company, has annual sales of approximately $1 billion, 1,900 employees and 10 major facilities in Asia and North America. It is headquartered in Tempe, Arizona. Prior to its separation on October 1, 2016, Versum Materials had operated for more than three decades as a division of Air Products and Chemicals, Inc. (NYSE: APD).
For additional information, please visit http://www.versummaterials.com.
Nahla A. Azmy, 480-482-4344
Tiffany Zinn, 480-282-6475
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may be identified by references to future periods, and include statements about the anticipated growth of our Delivery Systems and Services business segment, our hiring plans, and anticipated customer requirements and demand for our products and services. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date the statements were made. Actual results and the outcomes of future events may differ materially from those expressed or implied in the forward-looking statements because of a number of risks and uncertainties, including, without limitation, weakening of global or regional general economic conditions and product supply versus demand imbalances in the semiconductor industry could decrease the demand for our products and services; our concentrated customer base; our ability to continue technological innovation to meet the evolving needs of our customers; our inability to protect and enforce intellectual property rights; operational, political and legal risks of our international operations; hazards associated with specialty chemical manufacturing could disrupt our operations or the operations of our suppliers or customers; changes in government regulations in the U.S. and in other countries where we operate; raw material shortages and price increases; sole source and limited source suppliers; fluctuation of currency exchange rates; increased competition; our ability to successfully complete the transition to an independent public company; increased costs as a separate public company; and other risk factors described in our filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended September 30, 2016, and in our periodic filings. Versum Materials assumes no obligation to update any forward-looking statements or information in this press release.
The Versum Materials logo, Versum and all equipment denoted with ® or ™ are trademarks of Versum Materials, Inc. or its affiliates.