Entegris to realign manufacturing facilities worldwide

Entegris, Inc., the materials integrity management company, today announced a realignment of the company's manufacturing facilities to increase the efficient and effective utilization of its manufacturing capabilities worldwide. As part of the realignment, facilities in Castle Rock, Colorado, and Munmak, Korea will be closed and production shifted worldwide to optimize global production. This will increase operational efficiencies while allowing production in closer proximity to worldwide customers. About 170 full-time positions, in the Colorado and Korea facilities will be eliminated as of June 1, 2001.

"Entegris has experienced sequential growth and more than doubled sales over the last nine quarters," said Jim Dauwalter, president and chief executive officer. "Currently, the microelectronics industry is going through a period of contraction. This affords us the opportunity to realign our infrastructure around manufacturing centers of competency and optimize our capabilities worldwide. We will increase the utilization of our state-of-the-art facilities in Malaysia, United States, Japan and Germany."

"While we are on track to meet earnings expectations for our third quarter ending May 26, 2001, excluding one-time charges and costs related to the realignment of manufacturing facilities, we are positioning operations now for the next growth period in the microelectronics industry. And, we are taking the necessary steps to lower our cost base during the current slow-down in the industry," said Dauwalter. "I expect that the increased utilization of our most efficient manufacturing facilities will positively impact our ability to ramp production during growth periods. We have a 35-year history of annual profitability, even in difficult business environments and our goal is to build on this track record."

The company expects a charge of up to $5 million pre-tax related to the elimination of positions and closing of manufacturing facilities during the third quarter ending May 26, 2001. Total headcount for the company on April 30, 2001 was about 1800 full-time positions.

About Entegris
Entegris products and services transport the critical materials that enable the world's leading technologies. Entegris is a leading materials integrity management company providing products and services used from production to consumption in the semiconductor, data storage, chemical processing, pharmaceutical and other key technology-driven industries worldwide.

Entegris is headquartered in Chaska, Minnesota, USA and has manufacturing facilities in the United States, Germany, Japan, Malaysia and South Korea and is ISO 9001 certified. Directly and through alliances with Metron Technology, Marubeni and other distributors, Entegris provides customer support on six continents. Additional information can be found at www.entegris.com .

Source: Entegris

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