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Article: MEMC Provides Business Update; Announces Consolidation of Wafer Manufacturing Operations.
- Article from:
- Electronics Newsweekly
- Article date:
- September 23, 2009
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MEMC Electronic Materials, Inc. (NYSE:WFR) today provided an update on guidance for the current quarter in light of recent events, and also announced that it will cease production of silicon crystal ingots and wafers at facilities in Sherman, Texas and St. Peters, Missouri. These closings will occur in stages during 2010 and early 2011, as production shifts to other locations.
Business Update. The company disclosed that it experienced a disruption in production at its polysilicon facility in Pasadena, Texas due to an equipment failure on August 7, 2009, requiring a large portion of the facility to be shut-down. Initial reports indicated that the company's silane ...