Demand in Solar Energy Industry Drives $400 Million Hemlock Semiconductor Expansion
15 Novembre 2005 - 6:00PM
PR Newswire (US)
Dow Corning announces expansion of world's largest producer of
polycrystalline silicon HEMLOCK, Mich., Nov. 15
/PRNewswire-FirstCall/ -- Hemlock Semiconductor Corporation, the
world's leading producer of polycrystalline silicon, will begin
construction of a $400-$500 million expansion at its Hemlock, Mich.
headquarters in December. The expansion is driven by increasing
demand for polycrystalline silicon, the cornerstone material used
in the production of solar cells used to manufacture renewable
energy from light rays and semiconductor device manufacturing. The
Hemlock Semiconductor expansion will increase site capacity by 50
percent, and is expected to generate more than 100-150 full-time
direct jobs, and an equal number of contractor positions in the
next three years. Additionally, there will be 400 temporary local
contractor jobs created during construction of the expansion. Phase
one of the two-phase expansion project is expected to be completed
in January 2008, with a potential second phase concluding a year
later. "It's exciting to announce this expansion on a number of
levels," said Donald E. Pfuehler, president and CEO of Hemlock
Semiconductor. "Not only will we expand our ability to provide high
quality products to solar and semiconductor industry customers,
we'll also be creating a significant number of jobs and improve the
economic activity in this region." "This expansion will continue to
strengthen Hemlock Semiconductor's presence in Michigan," Michigan
Governor Jennifer Granholm said, praising the company's leaders.
"The company's decision to grow here is a testament to the state's
leadership in competitive-edge technologies and will create jobs in
the high-tech field of alternative energy investment and research.
"Hemlock Semiconductor expects the solar energy industry to grow at
a 20- 25 percent pace over the next 10 years. Today, solar energy
accounts for approximately 10 percent of all renewable energy
produced. "Innovation in the solar energy industry is providing
excellent opportunities for businesses, people, and the
environment," said Marie N. Eckstein, Dow Corning's general manager
of Advanced Technologies and Ventures. "Both Hemlock Semiconductor
and Dow Corning will continue to research and develop opportunities
to enhance solar technology." Upon completion of the expansion,
Hemlock Semiconductor will have approximately 500 direct employees
and approximately 600 contractor positions. Pfuehler also said that
while Hemlock, Michigan was the preferred location for this
expansion several issues needed to be addressed to insure the
Hemlock site remained globally competitive. "We received excellent
support from Governor Granholm's office, Michigan Economic
Development Corporation, Thomas Township, City of Saginaw, Saginaw
Future, Inc., Department of Environmental Quality and Consumers
Energy. We appreciate the support of these groups which enabled our
expansion to remain at this site." Hemlock Semiconductor
Corporation is a joint venture of Dow Corning Corporation and two
Japanese firms, Shin-Etsu Handotai Company, Ltd. and Mitsubishi
Materials Corporation. In addition to serving the solar energy
market, the company also provides materials used in the production
of semiconductor devices used in computers, cell phones and other
electronic applications. Hemlock Semiconductor Corporation
(http://www.hscpoly.com/) is the world's leading provider of
polycrystalline silicon and other silicon-based products used in
the manufacturing of semiconductors devices and passive solar cells
and modules. Headquartered in Hemlock, Mich., Hemlock Semiconductor
is owned in majority and managed by Dow Corning Corporation. Dow
Corning Corporation (http://www.dowcorning.com/) provides
performance- enhancing solutions to serve the diverse needs of more
than 25,000 customers worldwide. A global leader in silicon-based
technology and innovation, offering more than 7,000 products and
services, Dow Corning is equally owned by The Dow Chemical Company
(NYSE:DOW) and Corning, Incorporated (NYSE:GLW). More than half of
Dow Corning's annual sales are outside the United States.
DATASOURCE: Dow Corning Corporation CONTACT: Jarrod Erpelding of
Dow Corning Corporation, +1-989-496-1582, or Web site:
http://www.dowcorning.com/ http://www.hscpoly.com/
Copyright
Grafico Azioni Corning (NYSE:GLW)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Corning (NYSE:GLW)
Storico
Da Ott 2023 a Ott 2024