14 January 2013 21:16 [Source: ICIS news]
HOUSTON (ICIS)--Hemlock Semiconductor will lay off about 400 employees because of oversupply in the polysilicon industry and possible tariffs on products sold in China, the US-based producer said on Monday.
The workforce reduction affects about 300 employees at its Tennessee site and 100 at its Michigan site, Hemlock Semiconductor said.
The threat of tariffs on polysilicon imported into China has significantly reduced orders from the country, which is one of the largest markets for Hemlock Semiconductor’s products, company president Andrew Tometich said.
The Michigan site will continue to reduce production to current demand, while the Tennessee facility will maintain minimum workforce needed when construction on its new plant is complete.
Hemlock Semiconductor is a joint venture among Dow Corning, Shin-Etsu and Mitsubishi. Dow Corning, in turn, is a joint venture made up of Dow Chemical and Corning.
Dow Corning announced last week it was planning to lay off 500 employees.
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