Wacker Chemie in Tennessee part 1

German-based Polysilicon Manufacturer Becomes Tennessees 3rd $1 Billion Project in Eight Months
CLEVELAND, Tenn. Tennessee Governor Phil Bredesen today joined Economic and Community Development Commissioner Matt Kisber, Dr. Rudolph Staudigl, president and CEO of Wacker Chemie AG of Munich, Germany and Dr. Ingomar Kovar, president of Wacker Chemical Corporation, Adrian, MI. in announcing the companys plans to build a $1 billion dollar facility for the manufacture of hyperpure polycrystalline silicon in Bradley County, Tenn. Polycrystalline silicon is a primary component used in the manufacture of solar panels and semiconductors and the project is expected to create more than 500 new jobs for the region.

This announcement further enhances Tennessees growing reputation as an innovation center in the development and manufacture of clean energy technologies, said Governor Bredesen. I appreciate Wacker Chemies investment in Tennessee and its recognition of the productivity of Tennessee workers, and Im very pleased the company believes Tennessee is the best place to enhance its position in a growing economic sector.

We expect polysilicon demand from the solar and semiconductor industries to further increase in the coming years, said Dr. Staudigl. Purchasing this site is an essential prerequisite to quickly build up additional production capacities outside the euro zone in line with projected market trends and growth in demand.

The facility will be located on an approximately 550-acre greenfield site near the Hiwassee Industrial Park in Bradley County, in the Charleston community. There will be an extensive design period and work in process before construction would begin.

Under Governor Bredesens leadership, weve developed a strategy for the creation of green collar jobs in Tennessee, said ECD Commissioner Matt Kisber. That strategy has resulted in more than $2.5 billion dollars in capital investment and over a thousand new jobs being announced in the past year and we truly believe Tennessee is well-positioned for the growth of a sustainable economy in the U.S.

In addition to the states strong business climate, Wacker officials cited Tennessees well developed infrastructure and the cooperative partnership of state agencies, local government and the local chamber of commerce. As part of its investment, Wacker will qualify for statutory incentives on the state and local level, including the FastTrack Infrastructure Development Program, the FastTrack Job Training Assistance Program and the Super Jobs Tax Credit. In addition, the company will be able to take advantage of industrial electricity rates approximately half those found in Germany.

The Wacker investment was announced today at ceremonies in Cleveland, Tennessee, on the campus of Lee University.

Duration : 0:4:2

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Technorati Tags: AG, Bradley, bredesen, business, chattanooga, Chemie, Cleveland, county, development, ecd, economic, energy, hyperpure, kisber, polycrystalline, POLYSILICON, semiconductor, solar, technology, tennessee, tnecd, Wacker

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