Ultra Clean Expands Global Footprint

Rhea-AI Summary

Ultra Clean Holdings (UCTT) announced a significant expansion into Malaysia with the opening of a new manufacturing facility in Batu Kawan Industrial Park, Pulau Pinang. This strategic move aims to enhance business continuity and better serve its global customer base within the semiconductor sector. The facility, expected to employ over 650 personnel in various roles, will begin leasehold improvements in Q4 2020. The partnership with the Malaysian government signifies UCTT's commitment to capitalizing on growth opportunities in high-value manufacturing.

Positive

• Expansion into Malaysia aligns with strategic growth plans.
• New facility expected to create over 650 jobs over five years.
• Partnership with Malaysian government enhances operational capabilities.

Negative

• None.

HAYWARD, Calif., July 29, 2020 /PRNewswire/ -- Ultra Clean Holdings, Inc. (NASDAQ: UCTT) today announced its expansion into Malaysia and will be opening a manufacturing facility in the Batu Kawan Industrial Park, Pulau Pinang.

Malaysia has established a strong base of high-value manufacturing companies and is poised to capitalize on growth opportunities, specifically in the semiconductor market.  

"We are proud to partner with the Government of Malaysia and the state of Penang to expand our global footprint as part of our strategic growth plan," said Vijay Chinnasami, COO. "This state-of-the-art facility will ensure business continuity, enable us to better serve and bring value to our local and global customer base, and allow us to capitalize on longer-term growth opportunities."

Leasehold improvements should begin in the fourth quarter this year and the new facility will likely employ more than 650 personnel over the next five years, including roles in manufacturing, engineering, research and development as well as quality management.

About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Ultra Clean offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and component manufacturing, and tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Safe Harbor Statement
The foregoing information contains, or may be deemed to contain, "forward-looking statements" (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," "projection," "outlook," "forecast," "believes," "plan," "expect," "future," "intends," "may," "will," "estimates," "see," "predicts," "should" and similar expressions to identify these forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, the Company's actual results may differ materially from the results predicted or implied by these forward-looking statements. These risks, uncertainties and other factors also include, among others, those identified in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations'' and elsewhere in our annual report on Form 10-K for the year ended December 27, 2019 as filed with the Securities and Exchange Commission. Ultra Clean Holdings, Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise unless required by law.

For more information, please contact:
Rhonda Bennetto, Vice President Investor Relations
rbennetto@uct.com

 

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SOURCE Ultra Clean Holdings, Inc.

FAQ

What is Ultra Clean Holdings' recent expansion announcement?

Ultra Clean Holdings announced its expansion into Malaysia with a new manufacturing facility in Batu Kawan Industrial Park.

How many jobs will the new Ultra Clean facility in Malaysia create?

The new facility is expected to employ over 650 personnel over the next five years.

When will leasehold improvements for the Ultra Clean facility in Malaysia begin?

Leasehold improvements for the facility are set to begin in the fourth quarter of 2020.

What market is Ultra Clean targeting with its new facility in Malaysia?

Ultra Clean is targeting the semiconductor market with its new manufacturing facility.

What is the significance of Ultra Clean's expansion into Malaysia?

The expansion allows Ultra Clean to enhance business continuity and better serve its local and global customers.