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August 7, 2012

DMI closing, 167 to be unemployed

CLAREMORE — DMI Industries, Inc. will close its Tulsa plant located at 15300 E. Apache St. in southern Rogers County within three months.

The parent company, Otter Tail Corp, has decided to exit the wind energy business, according to a press release issued by company officials.

The plant is expected to close in November and 167 employees will be laid off.

DMI plant will also be closing a plant in West Fargo, N.D. in October and 217 employees will be laid off there as a result.

“The wind industry's present economics, substantially driven by the absence of a Production Tax Credit renewal by the U.S. Congress, the lack of a predictable national energy policy and low natural gas prices, has contributed to a dramatic decline in the demand for wind towers,” said a release from the company. 

The property will be sold to a metal manufacturer, according to company officials.

DMI expects the new company to take possession of the Tulsa factory after it is closed in November. 

“We are hopeful that potential new owners, who produce a variety of large metal manufacturing products, will see the value of in our plants and skilled workforce going forward," the release reads. 

 

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