South Dakota Senator Mike Rounds is responding to the announcement of a major closure of a manufacturing plant in Aberdeen.
Molded Fiber Glass Companies announced it is closing its Aberdeen plant on Wednesday, eliminating more than 400 jobs in the city. The company cited changes in market conditions and proposed revisions to tax policies impacting the wind energy industry in the United States.
Sen. Rounds released the following statement regarding the closure?
“Any time a business closes its doors, it impacts the entire community and region. Our hearts go out to all MFG employees, their families, and the Aberdeen community as they deal with today’s devastating news. The people who have worked at MFG have built hundreds of blades for wind turbines that today play an integral role in meeting our nation’s energy needs, and they should be proud of the work they have done. MFG has been a good employer in Aberdeen, and they will be missed. We look forward to working with state and local officials to bring more economic development to the Aberdeen area.
“When the Wind Production Tax Credit (PTC) was enacted more than 25 years ago, the goal was to support wind energy and put it on a path to sustainability. Throughout this time, the PTC has been renewed by Congress a number of times, most recently in 2015 when a deal was negotiated to phase out the tax credit over five years, which was supported by the wind industry. As tax reform moves forward, I will work to maintain the integrity of the PTC deal.”