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Honeywell Announces Expansion of Electronic Materials Manufacturing in Asia/Pacific Region

Posted on: Tuesday, 12 July 2005, 09:01 CDT

MORRIS TOWNSHIP, N.J., July 12 /PRNewswire/ -- Honeywell today announced that its Electronic Materials business will expand its Asia/Pacific manufacturing capabilities to include the production of 300mm PVD (physical vapor deposition) sputtering targets. Located in Jincheon, Korea, Honeywell's plant will provide customers in this critical region with a local supply of leading technology materials used for the production of semiconductors.

Honeywell's current capabilities at the site include the production of materials supporting 200mm semiconductor manufacturing, referring to the diameter of the silicon wafer used to produce multiple integrated circuits or chips.

"We are committed to providing our customers in the Asia/Pacific region with cutting-edge materials to help them meet their needs," said Dmitry Shashkov, general manager and segment leader for Honeywell Electronic Materials' metals business. "We view the new facility as evolving into a core center for technology and support."

Scheduled to be completed in the second half of this year, Honeywell's new Asia/Pacific 300mm PVD target manufacturing is part of the company's overall commitment to the region, where chips are increasingly manufactured for export worldwide. Honeywell also manufactures 300mm PVD targets at its Spokane, Wash. facility.

Leading semiconductor manufacturers increasingly use larger 300mm wafers to increase productivity and reduce costs. PVD targets are used as the source of metal on chips. Due to the significant transition from 200mm to 300mm fabrication, new tools and materials are required.

In late 2004, Honeywell officially opened its Asia/Pacific Headquarters and Technology/R&D Center in Zhang Jiang High-Tech Park in the Pudong New Area of Shanghai, China. The facility encompasses more than 161,500 square feet (15,000 square meters) of floor space, and houses development laboratories, testing centers and overall support for Honeywell operations throughout Asia/Pacific, including its Electronic Materials business.

"Honeywell Electronic Materials is uniquely qualified to serve the increasingly complex needs of global semiconductor manufacturers," said Barry Russell, vice president and general manager for the Electronic Materials business of Honeywell. "The production of integrated circuits involves hundreds of processing steps that are impacted by the material choices made by our customers. While other materials suppliers offer limited product lines backed by singular expertise, we have carefully designed the business to combine the disciplines of chemistry and metallurgy across the front-end (wafer processing) and back-end (packaging) as we develop solutions to the challenges our customers are facing. This approach, combined with our local presence and support in North America, Europe and Asia/Pacific, positions us as a leading materials supplier to the semiconductor industry."

Honeywell Electronic Materials is one of the top materials suppliers to the semiconductor industry. Besides PVD sputtering targets, Honeywell provides electronic chemicals as well as various insulating materials, including spin-on dielectrics and other advanced spin-on materials that are used to enable the integration of advanced processes at customer sites. Honeywell's extensive product offerings under its metals business segment include PVD targets as well as coil sets, precious metal thermocouples and materials used during back-end packaging processes for thermal management and electrical interconnect.

Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit http://www.honeywell.com/.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

Honeywell

CONTACT: Peter Dalpe, +1-973-455-4908, peter.dalpe@honeywell.com, orLance Chapman, +1-408-962-2098, lance.chapman@honeywell.com, both ofHoneywell

Web site: http://www.honeywell.com/


Source: PRNewswire

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