Local silicon-epitaxy manufacturer GlobiTech will be adding 12 new jobs over the next two years as part of a nearly $10 million capital investment in its Sherman plant.
The Sherman Economic Development Corp. board of directors recently approved a $487,500 incentive for the local manufacturer that will be delivered in two payments of $243,750.
“Globitech with be adding improvements — not existing, but new improvements — of $9.2 million of equipment and 12 new jobs and will invest in $550,000 for building improvements,” SEDCO President John Plotnik said.
SEDCO Vice President of Business Retention & Expansion Stacey Jones said GlobiTech provides products and services to the semiconductor industry worldwide. The $487,500 incentive is 5 percent of the company’s planned $9.75 million total capital investment in its Sherman facility.
“The parent company anticipates the need to further increase epitaxial deposition capacity at one of its facilities by adding eight additional Centura reactors,” Jones said. “This will create the need for revised incremental water consumption of 2.2 million gallons per month.”
Globitech has had multiple expansions at its Sherman facility, which Jones said is the largest plant within the Sino-American Silicon corporation. SEDCO completed its last incentive agreement with GlobiTech earlier this year after the company put the finishing touches on an $18 million upgrade to its Sherman plant.
In March 2015, the SEDCO board initially approved a $480,000 incentive to entice GlobiTech to move forward with a $9 million upgrade to its local plant rather than use that money on a facility overseas. Shortly there after, the company’s corporate executives decided to increase the upgrade and the SEDCO board approved, in May 2015, a $900,000 incentive for the creation of 20 new jobs and an $18 million investment from the company. Near the end of that year, the SEDCO board agreed to extend the incentive agreement through the end of 2016.
“GlobiTech appreciates the support we have received from SEDCO dating back to our beginnings and through the years as we have grown to be the largest silicon wafer epitaxial facility in the world,” GlobiTech President Mark England said earlier this year via email. “We look forward to the potential for continued growth and support as Sherman is a great place for manufacturing with a strong labor force, community support and amenities. Sherman is also the long term home of many of our employees.”
With the 20 positions added in 2015 and 2016, the silicon-epitaxy manufacturer currently employs around 195, which puts it as the 15th largest employer in Sherman on the SEDCO website.