May 19, 2009 (FinancialWire) — Ceradyne, Inc. (NASDAQ: CRDN) officials plan to close their manufacturing plant in Bazet, France later this year. The plant, which makes ceramics products, is being closed as a cost-cutting move, according to Ceradyne.

Around 95 workers will lose their jobs as a result of the closure, according to the company. Ceradyne said that, in accordance with the French legal process, its ESK Ceramics France subsidiary is presenting the closure plan to local employees’ representatives. The workers whose jobs will be eliminated in the move consist of manufacturing, production and additional support staff at the plant.

Ceradyne said it expects to book pre-tax charges related to its restructuring in the range of around $11 to $13 million, including non-cash pre-tax charges of around $2.2 million relating primarily to assets that will be written off or disposed of in connection with the closure of the facility.

The majority of these pre-tax charges will be accrued during the second quarter of 2009, according to the company. These non-recurring pre-tax charges were not included in the updated earnings guidance provided during the company’s April 28 teleconference.

Costa Mesa, California-based Ceradyne develops, manufactures and markets technical ceramic products and components for defense, industrial, automotive and diesel and commercial applications.

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