MONTREAL – 5N Plus Inc. (TSX: VNP), a leading global producer of specialty semiconductors and performance materials, reported that it is investing $8.5 million in its Montreal campus to expand the development and manufacturing of critical and strategic materials, including those containing tellurium, for advanced II-VI semiconductor compounds and engineered powders. The investment is supported by and has received funding from the Ministère de l’Économie et de l’Innovation (Ministry of Economy and Innovation) and the Ministère de l’Énergie et des Ressources Naturelles (Ministry of Energy and Natural Resources) within the province of Quebec, accounting for approximately a third of the investment.
For over 20 years, 5N Plus has developed ultra-high purity compounds based on the family of II-VI specialty semiconductor materials at 5N Plus Montreal. With this investment, 5N Plus will expand the capacity of its Montreal campus to address the growing demand of II-VI semiconductor compounds and powders, including those essential for the renewable energy market. The investment in process technology and supply chain optimization will reduce unit cost of production and the overall carbon footprint of the activity. The investment package is expected to be completed by the autumn of 2022. The Company has indicated that it will be investing near the rate of depreciation over fiscal years 2021 and 2022. This investment package is included in this assumption.
“Today’s announcement is an exciting glimpse into the compelling future of our business. Following the project’s completion, 5N Plus will have the capacity to competitively produce over half of the world’s high purity tellurium-bearing II-VI semiconductor compounds, which are essential elements for several critical industries including renewable energy,” said Arjang Roshan, President and Chief Executive Officer of 5N Plus. “We would like to thank the Ministère de l’Économie et de l’Innovation and the Ministère de l’Énergie et des Ressources Naturelles for their support on this important project.”
As a leading global supplier of critical materials for specialty semiconductor devices, the Company continues to accelerate its semiconductor activities across its sites in Montreal and St. George, Utah, and recently expanded its II-VI value-chain to include engineered substrates that are essential for opto-electronic applications. This effort has subsequently yielded products that facilitate unrivalled performance in customer devices used for imaging and sensing applications.
5N Plus is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra-pure materials often form the core element of its customer products. These customers rely on 5N Plus’s products to enable performance and sustainability in their own products. 5N Plus deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in a number of key industries including renewable energy, security, space, pharmaceutical, medical imaging, and industrial and additive manufacturing. Headquartered in Montreal, Quebec, 5N Plus operates R&D, manufacturing and commercial centers in strategically located facilities around the world including Europe, North America and Asia. The Company’s mission is to be critical to its customers, valued by its employees and trusted by its shareholders. The Company’s core values focus on integrity, commitment and customer development along with emphasis on sustainable development, continuous improvement, health and safety.
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