Rogers Corporation Explained

Rogers Corporation
Type:Public
Industry:Advanced specialty materials
Location:Chandler, Arizona, United States
Key People:Colin Gouveia, President and CEO
Products:Advanced electronics solutions, Elastomeric material solutions
Revenue:US$908.4 million (2023) [1]
Net Income:US$56.6 Million (2023) [2]

Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.[3]

History

In 1832, the company was founded by Peter Rogers as Rogers Paper Manufacturing Company. Today, the company is composed of two business segments: Advanced Electronics Solutions[4] and Elastomeric Material Solutions.[5] The company was listed on the New York Stock Exchange in April, 2000.

In 2004, Rogers started Rogers Technologies Suzhou Company Ltd, a wholly owned subsidiary, located in Suzhou, China. Rogers opened its first Suzhou facility in 2002, adding manufacturing capability for their roller and high-frequency laminate products. A second manufacturing facility opened in 2003.[6]

In 2011, Rogers purchased German based curamik® Electronics, a manufacturer of power electronic substrates.[7]

In 2016, Rogers announced that it would move its headquarters from the village of Rogers in Killingly, Connecticut, to Chandler, Arizona.[8]

In November 2021, DuPont announced that it intended to acquire Rogers in a deal valued at $5.2 billion.[9] The deal has been approved by all the necessary regulators save for the People's Republic of China's State Administration for Market Regulation. Due to the long delay that Chinese authorities presented, DuPont terminated the acquisition of Rogers and agreed to pay a termination fee of $162.5 million USD.[10] [11]

As of 2023, Rogers has locations the United States, China, Germany, Hungary, Belgium, Korea, Japan, Singapore, Taiwan, and the United Kingdom.[12]

Corporate governance

Products and technology

Rogers’ Advanced Electronics Solutions business provides advanced material solutions to enable signal integrity, radio frequency (RF) signal management, power efficiency, power distribution and thermal management. This business unit offers products including high frequency laminates, bondplys, prepregs, cooling solutions, ceramic substrates, and busbars.[15]

Rogers’s Elastomeric Material Solutions business provides high performance engineered materials, including PORON® polyurethane foams, BISCO® performance silicones, ARLON® custom silicones, DeWAL™ PTFE and UHMW films and tapes and XRD® extreme impact mitigation materials.[16]

Rogers offers liquid cooling materials designed to dissipate large amounts of heat, and provide thermal management of high-power laser diodes and other heat-generating optical devices. The cooling structures are copper foil channels bonded into a tight block, with aluminum-nitride (AlN) isolation layers added for extra performance.[17] [18]

Rogers manufactures PORON® brand industrial microcellular polyurethane.[19] [20] In March 2020 Rogers filed a complaint against ElastaPro for trade secret violations, claiming that this company had unlawfully obtained Rogers' technical formulations and manufacturing knowhow.[21]

External links

Notes and References

  1. News: Rogers Corporation Reports Fourth Quarter 2023 and Full Year Results. 2024-03-26. en-US.
  2. News: Rogers Corporation Reports Fourth Quarter 2023 and Full Year Results. 2024-03-26. en-US.
  3. Web site: Rogers Corporation Moves Headquarters from Connecticut to Arizona. August 9, 2016. www.nbcconnecticut.com. 2016-09-21.
  4. Web site: Quarterly Results. rogerscorp.com. 2021-08-31.
  5. Web site: Rogers Corporation 2020 Fourth Quarter . rogerscorp.com. 2021-08-31.
  6. Web site: 27 May 2004. Rogers Corp. Celebrates Grand Opening of Rogers Technologies Suzhou Company in China. live. https://web.archive.org/web/20200721154227/https://www.businesswireindia.com/rogers-corp.-celebrates-grand-opening-of-rogers-technologies-suzhou-company-in-china-5216.html. 2020-07-21. 2020-07-21. www.businesswireindia.com.
  7. Web site: Rogers buys power electronics substrate maker Curamik Electronics Semiconductor Digest . 2022-10-19 . en-US.
  8. News: Rogers Corp. Moving Headquarters After 184 Years In Connecticut. Singer. Stephen. courant.com. 2017-08-01. en-US.
  9. News: Cimilluca . Cara Lombardo and Dana . DuPont to Buy Rogers for $5.2 Billion, Divest Part of Mobility Unit . 2 November 2021 . Wall Street Journal . 2 November 2021.
  10. Web site: Bureau . E. T. . 2022-10-03 . DuPont and Rogers Announce Update on Pending Merger . 2022-10-15 . EnterpriseTalk . en-US.
  11. Web site: Rogers plunges 40% after Dupont announces it's terminating acquisition(NYSE:DD) Seeking Alpha . 2022-11-01 . seekingalpha.com . en.
  12. News: Rogers Corporation Global Locations. 2023-03-06. en-US.
  13. Web site: Rogers Announces Leadership Transition .
  14. Web site: Rogers Appoints Ram Mayampurath Chief Financial Officer. rogerscorp.com. 2021-08-31.
  15. News: Rogers Corporation Advanced Electronics Solutions. 2023-03-06. en-US.
  16. News: Rogers Corporation Elastomeric Material Solutions. 2023-03-06. en-US.
  17. Web site: DiGiose. Nicole. 7 June 2017. Rogers Corporation to showcase curamik cooling solutions at Laser World of Photonics Show. Power Electronics News.
  18. Web site: curamik® Cooling Solutions . live. https://web.archive.org/web/20200721150912/https://rogerscorp.com/power-electronics-solutions/curamik-cooling-solutions. 2020-07-21. 2020-07-21. rogerscorp.com.
  19. Web site: PORON Microcellular Urethane, Rogers PORON Foam . 2022-11-27 . Stockwell Elastomerics . en-US.
  20. Web site: PORON® Industrial Polyurethanes - Rogers Corporation . 2022-11-29 . www.rogerscorp.com.
  21. Web site: 2020-03-05. Rogers Corporation and Diversified Silicone Products Corporation File Complaint to Stop ElastaPro's Misappropriation of Trade Secrets and Unfair Competition. 2020-07-21. AP News.