Rogers Expanding Power Substrate Capacity in China to Meet Growing EV and Renewable Energy Demand
09 Maio 2023 - 5:05PM
Business Wire
Rogers Corporation (NYSE:ROG) (“Rogers”), announced its plan to
build a new factory in China to manufacture its curamik® AMB
(Active Metal Brazed) and DBC (Direct Bonded Copper) substrates to
meet significant demand growth. The first phase of the expansion is
slated for completion in 2025. This follows last year’s investment
in expanding the company’s curamik® factory in Eschenbach,
Germany.
“To better support our global customers and meet the growing
demand for power substrates used in electric and hybrid electric
vehicles (EV/HEV) and renewable energy applications, we are
planning to build a new state-of-the-art factory in China. Upon
completion, this new factory will help shorten lead times and
deepen technical collaborations with customers in Asia,” said Jeff
Tsao, Advanced Electronic Solutions (AES) Vice President and
General Manager. “We have been a trusted partner to leading power
module suppliers for decades, delivering efficient and reliable
power semiconductor substrates, and today’s announcement further
strengthens that position.”
This latest investment continues Rogers’ manufacturing strategy
of positioning capacity to serve its global customer base. The
company continues to focus on supporting growth opportunities
across its markets with ongoing initiatives to drive capacity
throughput improvements at existing facilities and make measured
investments in new capacity. The expansion plan will be discussed
in the company’s Q2 2023 earnings conference call, and any further
developments will be communicated at that time. Rogers continues to
expect capital expenditures for full-year 2023 to be in the range
of $65 to $75 million.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered
materials to power, protect and connect our world. Rogers delivers
innovative solutions to help our customers solve their toughest
material challenges. Rogers’ advanced electronic and elastomeric
materials are used in applications for EV/HEV, automotive safety
and radar systems, mobile devices, renewable energy, wireless
infrastructure, energy-efficient motor drives, industrial equipment
and more. Headquartered in Chandler, Arizona, Rogers operates
manufacturing facilities in the United States, Asia and Europe,
with sales offices worldwide. For more information, visit
www.rogerscorp.com.
Safe Harbor Statement
Statements included in this release that are not a description
of historical facts are forward-looking statements. Words or
phrases such as “believe,” “may,” “could,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “seek,” “plan,” “expect,”
“should,” “would” or similar expressions are intended to identify
forward-looking statements, and are based on Rogers’ current
beliefs and expectations. This release contains forward-looking
statements regarding our plans, objectives, outlook, goals,
strategies, future events, future net sales or performance, capital
expenditures, future restructuring, plans or intentions relating to
expansions, business trends and other information that is not
historical information. All forward-looking statements are based
upon information available to us on the date of this release and
are subject to risks, uncertainties and other factors, many of
which are outside of our control, which could cause actual results
to differ materially from those indicated by the forward-looking
statements. Other risks and uncertainties that could cause such
results to differ include: the duration and impacts of the novel
coronavirus global pandemic and efforts to contain its transmission
and distribute vaccines, including the effect of these factors on
our business, suppliers, customers, end users and economic
conditions generally; continuing disruptions to global supply
chains and our ability, or the ability of our suppliers, to obtain
necessary product components; failure to capitalize on, volatility
within, or other adverse changes with respect to the Company's
growth drivers, including advanced mobility and advanced
connectivity, such as delays in adoption or implementation of new
technologies; uncertain business, economic and political conditions
in the United States (U.S.) and abroad, particularly in China,
South Korea, Germany, the United Kingdom, Hungary and Belgium,
where we maintain significant manufacturing, sales or
administrative operations; the trade policy dynamics between the
U.S. and China reflected in trade agreement negotiations and the
imposition of tariffs and other trade restrictions, including trade
restrictions on Huawei Technologies Co., Ltd. (Huawei);
fluctuations in foreign currency exchange rates; our ability to
develop innovative products and the extent to which our products
are incorporated into end-user products and systems and the extent
to which end-user products and systems incorporating our products
achieve commercial success; the ability and willingness of our sole
or limited source suppliers to deliver certain key raw materials,
including commodities, to us in a timely and cost-effective manner;
intense global competition affecting both our existing products and
products currently under development; business interruptions due to
catastrophes or other similar events, such as natural disasters,
war, including the ongoing conflict between Russia and Ukraine,
terrorism or public health crises; the impact of sanctions, export
controls and other foreign asset or investment restrictions;
failure to realize, or delays in the realization of anticipated
benefits of acquisitions and divestitures due to, among other
things, the existence of unknown liabilities or difficulty
integrating acquired businesses; our ability to attract and retain
management and skilled technical personnel; our ability to protect
our proprietary technology from infringement by third parties
and/or allegations that our technology infringes third party
rights; changes in effective tax rates or tax laws and regulations
in the jurisdictions in which we operate; failure to comply with
financial and restrictive covenants in our credit agreement or
restrictions on our operational and financial flexibility due to
such covenants; the outcome of ongoing and future litigation,
including our asbestos-related product liability litigation or
risks arising from the terminated DuPont Merger; changes in
environmental laws and regulations applicable to our business; and
disruptions in, or breaches of, our information technology systems.
Should any risks and uncertainties develop into actual events,
these developments could have a material adverse effect on the
Company. For additional information about the risks, uncertainties
and other factors that may affect our business, please see our most
recent annual report on Form 10-K and any subsequent reports filed
with the Securities and Exchange Commission, including quarterly
reports on Form 10-Q. Rogers Corporation assumes no responsibility
to update any forward-looking statements contained herein except as
required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230509006092/en/
Media Contact: Amy Kweder Director, Corporate
Communications Phone: 480.203.0058 Email:
amy.kweder@rogerscorporation.com
Investor Contact: Steve Haymore Director, Investor
Relations Phone: 480.917.6026 Email:
stephen.haymore@rogerscorporation.com
Rogers (NYSE:ROG)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Rogers (NYSE:ROG)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024