AURORA, Ill.--(BUSINESS WIRE)--July 8, 2004--Cabot
Microelectronics Corporation (NASDAQ:CCMP), the leading supplier of
chemical mechanical planarization (CMP) polishing slurries to the
semiconductor industry, announced today that it has purchased land
adjacent to its existing Geino, Japan facility, which it plans to use
to expand current infrastructure.
Hiroyuki Nishiya, Cabot Microelectronics' Vice President of
Northeast Asia stated, "We are extremely pleased to invest in the
expansion of our Geino facility. This decision is part of our ongoing
investment to increase our manufacturing capacity and capabilities to
support future growth in Asia. We are extremely grateful for the
support received from Geino's leaders and the entire Geino community."
Masahiro Yokoyama, Mayor of the City of Geino commented, "I am
delighted with Cabot Microelectronics Corporation's decision to expand
its presence in our community. They are very supportive, increasing
our quality of life by employing a number of local residents and
providing opportunities for people throughout Asia. Cabot
Microelectronics is respectful of our community and environment and is
an ideal community partner. "
About Cabot Microelectronics Corporation:
Cabot Microelectronics Corporation, headquartered in Aurora,
Illinois, is the leading supplier of CMP slurries for polishing
various materials used in semiconductor manufacturing processes. The
company's 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. For more information
about Cabot Microelectronics Corporation, visit www.cabotcmp.com or
contact Mr. David H. Li, 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 and trends, growth of this market, international events,
product performance, new product introductions and development of new
products and technologies by Cabot Microelectronics. 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 the actual results to differ
materially from those described by these forward-looking statements.
In particular, see "Risks Relating to Our Business" in Management's
Discussion and Analysis in our quarterly report on Form 10-Q for the
quarter ended March 31, 2004, and our Annual Report on Form 10-K for
the fiscal year ended September 30, 2003, both filed with the SEC.
Cabot Microelectronics Corporation assumes no obligation to update
this forward-looking information.
CONTACT: Cabot Microelectronics Corporation
Mr. David H. Li (Investor Relations), 630-499-2600
www.cabotcmp.com
SOURCE: Cabot Microelectronics Corporation