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Materion Consolidating Manufacturing

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MAYFIELD HEIGHTS, Ohio, Dec. 11, 2012 — Materion Corp. plans to close an optical coatings facility in California and cut its Advanced Materials business in New Mexico in an effort to reduce costs and better serve its global customers. Richard J. Hipple, chairman, president and CEO, said that the company’s recent acquisitions, coupled with manufacturing improvements, have provided the opportunity to consolidate to reduce cost, operate more efficiently and generate higher future earnings. Under the plan, Materion will close its Buellton, Calif., facility and consolidate production with operations in Westford, Mass.,...Read full article

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    Published: December 2012
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    Advanced MaterialsAmericasAsia-PacificBusinessChinaCoatingsCzech RepublicEuropeindustrialIrelandMassachusettsMaterionNew MexicoOhiooptical coatings facilityOpticsphotonicsRichard J. HippleShanghai

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