MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--
Materion Corporation (NYSE:MTRN) announced today that it has signed an
agreement with a longstanding customer for a long-term supply of
beryllium hydroxide material. Shipments from Materion's mine and mill
operations in western Utah are starting this quarter. Specific terms of
the agreement were not disclosed.
Commenting on the agreement, Jugal Vijayvargiya, Materion President and
Chief Executive Officer, said, "We are excited to sign a long-term
agreement and are especially pleased to resume regular shipments this
quarter to a valued customer. This contract supports our long-term
growth strategy and confirms Materion's leading position as the only
fully integrated supplier of beryllium-containing products, while also
meeting the customer's needs for a reliable supply of high-performance
beryllium hydroxide material."
Materion utilizes its bertrandite ore for conversion to beryllium
hydroxide for its own downstream beryllium metal, alloy and ceramic
operations and for external sale.
The agreement will allow Materion to make long-term plans for efficient
operation of its mine and to ensure stability and continuity with its
raw material supply. Materion, with a minimum of 75 years of proven
reserves, is well positioned to serve global customer demand. The
Company has in recent years enhanced production capacity at its Utah
processing mill, while also continuing to advance beryllium conversion
and processing technology. Materion is the only company to supply the
open market with a meaningful volume of ore from an active mine.
Materion Corporation is headquartered in Mayfield Heights, Ohio. The
Company, through its wholly owned subsidiaries, supplies highly
engineered advanced enabling materials to global markets. Products
include precious and non-precious specialty metals, inorganic chemicals
and powders, specialty coatings, specialty engineered beryllium alloys,
beryllium and beryllium composites, and engineered clad and plated metal
systems.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170516006148/en/
Materion Corporation
Investor Contact:
Stephen
F. Shamrock, 216-383-4010
stephen.shamrock@materion.com
or
Media
Contact:
Patrick S. Carpenter, 216-383-6835
patrick.carpenter@materion.com
or
http://www.materion.com
Mayfield
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Source: Materion Corporation
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