Materion expands Asia presence with South Korea asset buy

MAYFIELD HEIGHTS, Ohio - Materion Corporation (NYSE: MTRN), a global provider of advanced materials solutions with annual revenue of $1.72 billion, has announced the acquisition of manufacturing assets in Dangjin City, South Korea, from Konasol. The move is aimed at bolstering Materion’s capabilities in the semiconductor sector, particularly in the Asian market. The company maintains a strong financial position with a current ratio of 2.84, indicating ample liquidity to support its expansion plans.

The assets acquired include a newly built facility equipped with specialized machinery for the production of tantalum sputtering targets, which are essential in the fabrication of semiconductor chips. These chips are integral to high-performance computing and artificial intelligence technologies.

Jugal Vijayvargiya, President and CEO of Materion, commented on the strategic significance of the acquisition, emphasizing the company’s nearly four-decade history of partnership with the semiconductor industry. He stated that the new facility will enhance Materion’s ability to support Tier I semiconductor clients in Asia and reinforce its position as a prominent global supplier of deposition materials. While the stock has experienced a significant 33% decline over the past six months, InvestingPro analysis suggests the company is currently trading below its Fair Value, with analyst price targets ranging from $110 to $120.

This transaction is currently awaiting regulatory approval and is expected to be finalized within the next 90 days. Materion advises interested parties to consult their investor presentation for more details. For deeper insights into Materion’s financial health and growth prospects, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports, which are available for over 1,400 US stocks.

Materion, headquartered in Ohio, has been at the forefront of advanced material solutions for industries such as semiconductor, aerospace & defense, energy, and automotive for nearly a century. With a workforce of over 3,000 globally, the company operates in more than 60 countries.

The information in this article is based on a press release statement.

In other recent news, Materion Corporation reported strong financial performance for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $1.13, exceeding the forecasted $1.05, and reported revenue of $420.3 million, which was above the anticipated $395.2 million. Despite this positive financial outcome, KeyBanc Capital Markets downgraded Materion’s stock from Overweight to Sector Weight, citing concerns over tariffs on China that may impact future earnings. Additionally, Materion announced an increase in its quarterly dividend to $0.14 per share for the second quarter, reflecting a $0.005 rise from the previous dividend.

Shareholders approved the company’s 2025 Equity and Incentive Compensation Plan, which replaces older plans and allows for various compensatory awards. In corporate leadership changes, Melissa A. Fashinpaur was appointed as the new Chief Accounting Officer, effective June 1, 2025. This appointment follows her tenure as Vice President of Internal Audit and Compliance at Materion. The aerospace sector notably contributed to the company’s strong performance, with a 30% growth driven by demand in commercial and space applications.

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