Applied Physics Technologies Expands McMinnville, Oregon, Operations
The investment will include the construction of a new 2,670-square-foot clean and improvements to the company’s headquarters facility.
“There is a limit to the volume of product we can manufacture in our current structure,” said APT President and CEO Marcus Straw. “Furthermore, the quality our customers are increasingly demanding will be unattainable without a major facility upgrade, effectively making our most demanding markets unserviceable. APT’s future depends upon this project. Our new cleanroom will enable us to both increase our capacity and improve our quality, nearly doubling our revenue by 2027, adding an estimated $8.8 million in wages, benefits, and payroll taxes into Oregon’s economy.”
The project is being supported by $1.2 million from the Emerging Opportunity Fund, awarded by Business Oregon.
“Business Oregon is pleased to support a highly innovative, Oregon-based company that provides immense value to its local and regional communities,” noted Sophorn Cheang, Director of Business Oregon. “We are committed to supporting Oregon’s semiconductor industry and this investment will help our state gain a competitive edge as a global leader in semiconductor production and advanced manufacturing. Business Oregon will continue to support innovators like APT who provide Oregonians with new, high-paying job opportunities that will last for generations.”
APT is a high-tech manufacturer that produces critical components for sophisticated capital equipment used in the semiconductor and life science industries. The company specializes in the design and manufacture of thermionic, field emission, and thermal field emission electron sources made from single crystal materials refined in-house.
“Applied Physics Technologies is a leader of innovative product development and MEDP is encouraged by the significant investment of APT and Business Oregon,” added Patty Herzog, MEDP Executive Director. “This award demonstrates the state’s unwavering commitment to investing in companies like APT that are leading an innovation-based economy in McMinnville. This grant is the result of a dedicated partnership between Business Oregon, SEDCOR, and MEDP that provides regional benefit and retains high-wage jobs.”
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