ABERDEEN, S.D.(AberdeenAmericanNews)- Molded Fiber Glass is closing its Aberdeen plant, according to a news release form the company.

The plant broke ground in 2007 and has been dedicated to the production of wind turbine blades.

“The closure comes as a result of changes in market conditions, foreign competition and proposed revisions to tax policies impacting the wind energy industry in the United States,” according to the release.

The plant will remain open to fulfill existing wind blade orders through Aug. 6.

Workers at the plant have been informed of the closure and will be privately informed of their last days.

“The company is working in conjunction with the South Dakota Department of Labor and Regulation to assist teammates with reemployment benefits and to help with job search and placement,” per the release.

Molded Fiber Glass has about 300 workers at the 315,000-square-foot facility on the northeast edge of town.

The company has been in the wind energy industry since 1980.