MEMC Plant Closes - KTEN.com - No One Gets You Closer

MEMC Plant Closes

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SHERMAN, TX - Sherman's MEMC plant will close for good in the next year in a half.

The Sherman facility produces silicon crystal ingots and wafers.

Production in Sherman will be phased out by the first quarter of 2011. The company intends to then sell the facility.

The company expects that the severance benefits provided to those employees who will be terminated will result in charges related to the terminations of approximately $18 million.

Click here for official MEMC Press Release