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Hemlock to lay off 400 amid global solar capacity glut

Posted on by 2ndDivisionVet

US-based Hemlock Semiconductor said Monday it planned to shed 400 of the staff at its Michigan and Tennessee production plants due to an oversupply in the polysilicon industry and an expected drop in orders from China.

Hemlock, a joint venture of US silicon-based materials maker Dow Corning, Japanese Shin-Etsu Chemical Co Ltd (TSE:4063) and Mitsubishi Materials Corp (TYO:5711), makes polycrystalline silicon for the production of semiconductors and solar cells. The company is suffering from the expanding trade dispute between the US and China in which the Asian country launched anti-dumping and anti-subsidy probes into polysilicon imported from the US, the European Union and South Korea in 2012. The move was provoked by the move of the US to levy duties of up to 250% on Chinese imports of crystalline silicon PV cells.

In an effort to tackle the challenging conditions on the solar market, Hemlock said it would lay off 300 of the employees at its Clarksville facility in Tennessee and another 100 workers in Michigan...



(Excerpt) Read more at electroiq.com ...

TOPICS:

Business/Economy

Government

Local News

Science

KEYWORDS:

democrats

energy

guncontrol

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michigan

obama

secondamendment

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tennessee

thegreenlie





To: 2ndDivisionVet

lolz



To: 2ndDivisionVet

we have too much of it because its subsidized



To: null and void

bump



Comment #5 Removed by Moderator

To: 2ndDivisionVet

“Solar capacity glut” = nobody wants to buy any more of your crappy, overpriced product



by 6 posted onby Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart and lean not on your own understanding")

To: 2ndDivisionVet

I like my Hemlock with some bitters and Grand marnier... I don’t often bump a thread but, when I do, I quiver violently before I die... Stay Thirsty my friend...



by 7 posted onby Vendome (Don't take life so seriously, you won't live through it anyway)

To: 2ndDivisionVet

Hemlock to lay off 400 amid global solar capacity glut Drink it up, lefties...



by 8 posted onby Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Oh no! Can the economy take the hit?!? /s Thanks 2ndDivisionVet.



by 9 posted onby SunkenCiv (Romney would have been worse, if you're a dumb ass.)

To: 2ndDivisionVet; cripplecreek

Ya missed one...



by 10 posted onby Cletus.D.Yokel (Bread and Circuses; Everyone to the Coliseum!)

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