Hemlock Semiconductor cut 400 jobs in Michigan Tennessee

Hemlock Semiconductor to cut 400 jobs in Michigan and Tennessee

5:01 AM, 15th January 2013
Hemlock Semiconductor to cut 400 jobs in Michigan and Tennessee
Andrew Tometich, President, Hemlock Semiconductor.

MICHIGAN, US: Hemlock Semiconductor Group will lay off approximately 400 employees in Michigan and Tennessee in the coming weeks in response to significant oversupply in the polysilicon industry and the threat of potential tariffs on its products sold into China. These actions will affect approximately 300 employees at Hemlock Semiconductor’s Tennessee site and 100 at its Michigan site.

As a result of these decisions, Hemlock Semiconductor’s Michigan site will continue to reduce production to align with current customer demand. The Tennessee facility, which is nearly completed with its construction phase, will maintain a minimum workforce focused on safely maintaining the site for eventual production. A number of factors will impact the exact timing of the start-up of the facility, including customer demand and resolution of the trade disputes.

“This is a difficult but necessary decision to enable Hemlock Semiconductor to navigate the volatility in the polysilicon and solar industries. The unresolved trade disputes among the US, China and Europe are a major factor in Hemlock Semiconductor’s actions as the threat of tariffs on US polysilicon imported into China has significantly decreased orders from China, which is home to one of the largest markets for our products,” said Andrew Tometich, President, Hemlock Semiconductor.

© WOC News 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Biesterfeld acquires Kuttner, expands rubber business

HAMBURG, GERMANY: Biesterfeld AG has acquired all shares of Kuttner GmbH, Romerberg/Speyer, Germany with immediate effect. This transaction, which is ...

Read more
Tianji Coal suspends production after aniline leakage

  LUCHENG, CHINA: Tianji Coal Chemical Industry Group whose recent aniline leakage aroused great concern in north China’s Shanxi Province ...

Read more
Arkema, OXIS Energy JV for polymer lithium sulfur cells battery

COLOMBES, FRANCE: Arkema and OXIS Energy Limited have signed a joint development agreement to further improve the performance of polymer lithium sul ...

Read more
Methanex to temporarily stop Chile operation

VANCOUVER, CANADA: Methanex Corporation expects to idle its Chile operation in March 2013 due to anticipated insufficient natural gas supply. Methanex ...

Read more
Caldic acquires Sollaari in Finland

ROTTERDAM, THE NETHERLANDS: Caldic BV, distributor and producer of food ingredients and chemicals, has successfully completed the acquisition of Sol ...

Read more
Molycorp starts operation of rare earth facility in California

GREENWOOD VILLAGE, US: Molycorp Inc announced that all key production components of its new state-of-the-art rare earth manufacturing complex in Mou ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X