50% increase in HDPE drum capacity with addition of two new blowmolders
BILLERICA, Mass.--(BUSINESS WIRE)--May 7, 2019-- Entegris Inc. (Nasdaq: ENTG), a leader in specialty chemicals and advanced materials solutions, today broke ground on their new state-of-the-art clean drum manufacturing facility for its Advanced Materials Handling division, in JangAn, Korea. With an approximately $20M USD investment, equivalent to 24,453,000,000 KRW, Entegris will increase its HDPE drum manufacturing capacity by 50% once the facility opens in the second half of 2020. Today’s announcement adds to a significant investment previously announced for this facility in 2018.
The JangAn facility, and its planned HDPE drum capacity increase, will provide chemical manufacturers with greater supply security, and shorter lead times. This will enable the speed and reliability that manufacturers need to capitalize on the opportunities of the Fourth Industrial Revolution.
“This new facility will enable Entegris to support the growing demand for our market leading high-purity drums and most importantly, to meet the requirements of our customers in Asia,” said John McDaniel, vice president of Liquid Packaging and Dispense business unit, Entegris.
Entegris is a leader in specialty chemicals and advanced materials solutions for the microelectronics industry and other high-tech industries. Entegris is ISO 9001 certified and has manufacturing, customer service, and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Additional information may be found at www.entegris.com.
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Source: Entegris Inc.
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