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In an update filed earlier today, MEMC Electronic Materials said that its Pasadena, TX, polysilicon facility came through Hurricane Ike without serious damage.
"I am happy to report that our Pasadena facility does not appear to have sustained any major structural damage," stated Nabeel Gareeb, MEMC's CEO. "We maintained power throughout the storm and the occupancy crew that stayed on site through this period is safe."
"Our restart activities commenced as planned over the weekend, however, we have been notified of raw material delays by our suppliers due to their own start-up difficulties. We are working closely with our suppliers to understand and overcome these delays."
"We are not updating guidance at this time," concluded Gareeb.
The company began taking precautions the end of last week, shutting down operations in preparation for the heavy weather which affected the area. At the time, MEMC said operations were anticipated to resume early this week, potentially resulting in an approximate five-day impact on polysilicon production at this factory.
-- Tom Cheyney
