Entegris (ENTG) Plans New i2M Center; Will Invest $45M to $50M in Effort
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Entegris (Nasdaq: ENTG), plans to create the Entegris i2M Center for Advanced Materials Science in Bedford, Massachusetts.
Entegris recently purchased land and an existing 80,000 square foot building at 9 Crosby Drive in Bedford, Massachusetts to house the i2M Center. It expects to invest approximately $45 to $50 million in building infrastructure upgrades and equipment over the next two years. Entegris, which reported a record $749 million in sales in fiscal 2011, expects the first phase of the Center to be operational in early 2013.
The i2M Center will consolidate certain existing Entegris operations in Massachusetts and house approximately 100 professional and skilled employees who will transfer from those sites. The company also plans to add 10 new engineering and development positions specializing in membrane science and E-Chucks. Entegris currently employs approximately 350 employees in Massachusetts, and approximately 2,700 employees worldwide.
Entegris recently purchased land and an existing 80,000 square foot building at 9 Crosby Drive in Bedford, Massachusetts to house the i2M Center. It expects to invest approximately $45 to $50 million in building infrastructure upgrades and equipment over the next two years. Entegris, which reported a record $749 million in sales in fiscal 2011, expects the first phase of the Center to be operational in early 2013.
The i2M Center will consolidate certain existing Entegris operations in Massachusetts and house approximately 100 professional and skilled employees who will transfer from those sites. The company also plans to add 10 new engineering and development positions specializing in membrane science and E-Chucks. Entegris currently employs approximately 350 employees in Massachusetts, and approximately 2,700 employees worldwide.
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