Hemlock lays off workers and reduces polysilicon production

Hemlock Semiconductor, one of the leading manufacturers of polysilicon, has announced significant changes to its operations, including the layoff of approximately 400 employees, a reduction in polysilicon production, and a delay in the expansion of its new plant in Tennessee. The company attributes these decisions to ongoing trade tensions, particularly those involving China, which have created a challenging business environment. Andrew Tometich, the president of Hemlock Semiconductor, stated, “Navigating the ups and downs of the polysilicon and solar industry is no easy task, but it’s a necessary step for our long-term survival. The unresolved trade disputes between the U.S., China, and Europe have had a major impact on our business. Due to the dumping of U.S.-made polysilicon into the Chinese market, we’ve seen a substantial decline in orders. China remains one of our largest markets, so this situation is deeply concerning.” In response to the challenges, China has launched an investigation into complaints from local polysilicon producers who claim that foreign suppliers are selling high-purity materials at unfairly low prices. This has led to a sharp drop in prices and forced about 90% of domestic manufacturers to halt production. The issue isn’t just limited to trade disputes. Since 2008, the industry has experienced a surge in capacity as over 100 new manufacturers, primarily based in China, entered the market. This influx has resulted in severe overcapacity, further pressuring prices and profitability. Major players like Hemlock and Wacker have been investing in equipment upgrades and new facilities to meet growing demand. However, with the current market conditions, some projects have been put on hold. According to Hemlock, the layoffs will affect 300 employees at the Tennessee plant, which hasn't yet begun operations, and 100 jobs will be lost at its main facility in Michigan. While the company plans to cut back on production, it has not yet provided specific figures. Hemlock had originally aimed to increase annual production to around 46,000 metric tons, starting from 12,300 MT in 2008. The new Tennessee plant was expected to begin operations in 2013, but it has now been delayed due to uncertain market conditions and unresolved trade issues. Tomdick, a spokesperson for the company, added, “Hemlock Semiconductor has been in operation for 52 years and continues to lead the industry. As a key player, we are determined to weather this period of volatility and uncertainty. Our goal is to remain a strong, sustainable company for the long term.”

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