Ecnmag.com - February 26, 2009
CLEVELAND, Tenn. (AP) — Wacker Chemie announced Thursday that it will build a $1 billion plant with 500 jobs in southeastern Tennessee to produce hyperpure polycrystalline silicon, a product used to make solar panels and semiconductors.
The Tennessee site was picked because of its size; proximity to a chlorine supplier, OLIN Corp.; power from the Tennessee Valley Authority and the transportation infrastructure, a company statement said.
Wacker Chemie is based in Munich, Germany, and is the second-largest producer of hyperpure polycrystalline silicon. It reported last month that its sales reached $5.5 billion in 2008.
In early December, Bradley County commissioners approved a $50 million incentives package for what they described as an unnamed international manufacturer that would create at least 500 jobs.
Hope wears a smile.