AZ Electronic plans to invest in additional capacity in France
Speciality chemicals producer AZ Electronic Materials has announced that it is planning to invest part of its planned capital expenditure in additional manufacturing facilities at its Lamotte plant in Trosly-Breuil, France.
Speciality chemicals producer AZ Electronic Materials has announced that it is planning to invest part of its planned capital expenditure in additional manufacturing facilities at its Lamotte plant in Trosly-Breuil, France.
The company expects the move to strengthen its position as developer of silicon technologies used in the semiconductor, display and lighting industries and believes the move with increase service demand.
As such, the company is set to invest $7.0m in expanding its colloidal silica capacity at the plant, which is scheduled to become operational in the second half of 2013.
The share price rose 0.25% within the first 45 minutes of trading.
NR