Thanks Steve. DPMI news.............
GRESHAM, OR--(BUSINESS WIRE)--Oct. 8, 1997--DuPont Photomasks
Inc. (NASDAQ: DPMI), more commonly referred to as DPI, today
announced that it has selected Gresham, Oregon, as the site for
construction of its new photomask production facility. Site
selection criteria included proximity to semiconductor manufacturers
in the Pacific Northwest, local transportation services, vibrational
analysis studies and infrastructure requirements.
Photomasks are high purity quartz plates that contain precision
images of integrated circuits and are used to pattern the circuit
images onto semiconductor wafers. DPI is the largest photomask
supplier in the world and the only fully integrated manufacturer
that also makes photoblanks and pellicles, two critical materials
necessary for photomask production.
"We chose to locate our latest facility in Oregon to enhance our
ability to work in close partnership with many of our customers that
have existing or planned local semiconductor manufacturing
facilities." said J. Michael Hardinger, chairman and chief executive
officer of DuPont Photomasks. "When completed, the Gresham plant
and the new facility we currently have under construction in
Scotland will bring our worldwide network of manufacturing
facilities to eleven."
The DPI plant will be constructed on 13 acres leased from LSI
Logic Corp. (NYSE: LSI), a world leader in the design, production
and sale of advanced custom semiconductors. The facility will
occupy 65,000 square feet, including a 15,000 square foot,
sub-Class 1 clean room housing the most advanced equipment
available. The project represents a total planned investment of
approximately $75 million over the next four years. Operations are
expected to begin near the end of 1998, and it is estimated that the
facility will employ 200 people at full production.
"The Gresham site meets or exceeds all of our selection
criteria," said Hardinger. "The city of Gresham has been very
supportive during our site search and we look forward to working
closely with local officials through the construction and start-up
phases of the project."
"Being selected as the home for the world's largest photomask
manufacturer's new production facility is a real confirmation of
Gresham's outstanding attributes," said Gresham Mayor Gussie
McRobert. "The city leaders are delighted that DuPont Photomasks
chose to build here and we welcome the company into our community."
"DPI's presence will further solidify the high technology base
that is critical to our city's and the region's economic strength,"
added Robert Fussell, economic development director for Gresham.
"DPI epitomizes the caliber of employer and type of business that we
seek to attract."
Operations at the plant will be structured to satisfy the
diverse needs of the area's semiconductor manufacturers, from the
quick turnaround times required by ASIC producers to generating
photomasks utilizing the advanced optical proximity correction and
phase shift technology currently required by DRAM manufacturers.
Initial production will include photomasks for use in both the
i-line steppers that are currently widely deployed and excimer-laser
steppers operating with deep-ultraviolet (DUV) lithography
technology that are rapidly gaining market penetration.
DuPont Photomasks Inc. (DPI)
DuPont Photomasks Inc. is the world's leading supplier of
photomasks, operating globally from nine strategically located
facilities in North America, Europe and Asia. The company produces
and supplies photomasks as well as photoblanks (photomask
substrates) and pellicles (protective covers for photomasks). DPI
is headquartered in Round Rock, Texas, and had worldwide sales in
fiscal 1997 of over $260 million. DPI maintains a Web site at
photomask.com
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Note: This release includes forward-looking statements based on
management's current plans and expectations. Such statements
involve risks and uncertainties, including risks associated with
construction costs and schedules as well as sufficient demand for
the company's products in support of the new facility, which cannot
be predicted or quantified and which may cause future activities
and results of operations to differ from those suggested. For
additional information, please refer to the company's filings with
the Securities and Exchange Commission.
--30--sdg/ny* eb
CONTACT:
DPI Investor Relations
Dianne Schedler, 512/310-6559
or
Edelman Worldwide
John Satterfield/Barbara Holtz
415/968-4033
or
Investor Relations Partners
Shellie M. Roth, 973/535-8389
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More news.........
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ROUND ROCK, Texas--(BUSINESS WIRE)--Oct. 8, 1997--DuPont
Photomasks Inc. (NASDAQ:DPMI), more commonly referred to as DPI,
today announced the appointment of Chulwoo Won as executive vice
president of Asia/Pacific operations.
Concurrent with the announcement, DPI's board of directors named
Won as an executive officer of the company.
Won's 17 years of experience in the electronics industry adds
strength and depth to DPI's senior leadership team and reflects the
increasing strategic importance of the Asia/Pacific region in DPI's
global strategy. Many of Asia's leading semiconductor companies are
DPI customers, and the strong growth of the semiconductor industry
throughout the Asia/Pacific market continues to present DPI with
opportunities to expand its business.
"Chulwoo has done a terrific job in positioning DPI as a market
leader in the Asia/Pacific region and he will be a great addition to
our international senior management team," said J. Michael
Hardinger, chairman and chief executive officer of DuPont
Photomasks. "Chulwoo will continue to contribute an extremely high
level of professional expertise, focus and dedication to the
strategic management of our integrated global organization."
Won first became involved with DPI while it was still a business
unit of E.I. du Pont de Nemours and Co. (NYSE:DD), which he joined
17 years ago. He became actively engaged with the photomask business
in 1989 and was named vice president of the region two years ago.
His new position as an executive officer and executive vice
president of Asia/Pacific operations will enable Won to better focus
on strategic management issues and planning for DPI's growth in the
region. Won will continue to report to Preston M. Adcox, president
and chief operating officer of DPI, and will remain based at DPI's
Ichon, Korea, facility.
Won's appointment complements DPI's regional management
structure in other areas of the globe. Currently, Arthur W.
Launder, executive vice president North American operations and
Gerard Cognie, executive vice president European operations, are
also executive officers of DPI. Together with other company
officers and senior management, DPI has established a strong
management team with a wealth of experience in technology and
international business management.
In the Asia/Pacific region, DPI currently has a photomask
manufacturing facility in Ichon, Korea and is the majority owner in a
joint venture production facility in Shanghai, China. In addition,
DPI has sales support centers in Tokyo and Taiwan.
DuPont Photomasks Inc. (DPI)
DuPont Photomasks Inc. is the world's leading supplier of
photomasks, operating globally from nine strategically located
facilities in North America, Europe and Asia. The company produces
and supplies photomasks as well as photoblanks (photomask
substrates) and pellicles (protective covers for photomasks). DPI
is headquartered in Round Rock, Texas, and had worldwide sales in
fiscal 1997 of over $260 million. DPI maintains a Web site at
photomask.com
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