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HSC to
Invest $1 Billion |
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Hemlock Semiconductor Corporation (HSC), the
world’s leading producer of polycrystalline silicon, will invest up to
$1 billion in the next four years to expand its Hemlock, Michigan
facility. The expansion, expected to start coming online in 2010, will
increase the company’s total annual output of polycrystalline silicon to
36,000 metric tons, an increase of 90%.
The expansion will add up to 17,000 metric
tons of polycrystalline silicon suitable for both the solar and
semiconductor markets. This is the second major investment the company
has announced in the past 18 months. In November 2005, HSC announced a
nearly $500 million expansion that is under construction. It is on
schedule for start-up and is expected to come on line in early 2008.
The expansion is expected to generate up to
250 full-time direct jobs, and an equal number of contracted positions
upon completion. Additionally, there will be nearly 800 temporary local
construction contractors needed while the expansion is constructed. Dow
Corning’s Midland site, which serves as a major supplier of raw
materials to Hemlock Semiconductor, will receive an expansion and
upgrades, which will include the hiring of additional employees.
HSC began a formal search for additional
expansion options and locations in mid-2006. The Hemlock site was
chosen for its next expansion as it provided the fastest time-to-market,
lower capital costs, and the ability to leverage the company’s skilled
employee base. Saginaw Future continues to assist HSC on the
project, along with its partners from the Michigan Economic Development
Corporation, local government and Michigan Department of Transportation.
For footage of the press conference and the
facility
click here. |
Governor Jennifer M. Granholm
displays raw polycrystalline.
Hemlock Semiconductor Corporation
is located at 12334 Geddes Rd.
in Saginaw County. |
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The following are companies Saginaw Future
Inc. (SFI) assisted with expansion projects and those firms locating in
Saginaw County during the 1st quarter of 2007. |
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Expansions |
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Dow Corning Healthcare Industries
Materials Site (HIMS) has launched a
$3.3 million expansion that will greatly increase its product line and
create two new jobs. The investment will increase HIMS’ manufacturing
floor space for the first time in a number of years. Its silicone-based
products appear in numerous brand-name medical applications.
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Fullerton Tool Company,
located in the City of Saginaw, manufactures specialty tools and employs
120 people. The company is investing in nearly $900,000 in new
equipment, which will result in six new jobs. Saginaw Future assisted
in securing $24,000 in training funds from the MEDC Economic Development
Job Training program. SFI also assisted the company and the community
with an investment incentive. |
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National Roofing & Sheet Metal (NRSM)
is currently leasing its City of Saginaw facility and is exploring
purchasing it. Environmental conditions are a concern with Phase I
testing already completed and NRSM pursuing city site assessment funds
for Phase II testing. The company is expected to invest more than $1
million in new equipment and the building purchase that will result in
the hiring of 15 new employees. NRSM is also exploring assistance from
the City of Saginaw Brownfield Redevelopment Authority.
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Rhinevault-Olsen Machine & Tool
is a City of Saginaw manufacturer that invested $150,000 and created one
new job. The company renovated its facility and added new
equipment. Rhinevault-Olsen sought and received its first investment incentive
in the history of the company that was established in 1932.
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Scientific Brake and Equipment Co.
recently acquired two parcels of land adjacent to its City of Saginaw
facility. Saginaw Future, working with the Saginaw County Land Bank and
Department of Natural Resources, were able to assist in the acquisition
that will add over an acre of land to Scientific Brake’s location. The
additional space will allow the company to more efficiently configure
its shipping and receiving area. |
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Unemployment Insurance Agency, formerly the Michigan
Unemployment Insurance Agency
will be relocating to
the soon to be finished Downtown Area Development LLC III building which
is adjacent to Michigan CardioVascular Institute and the Riverfront
Medical Arts Condominiums in the City of Saginaw. The new office will
retain 200 business professionals in Saginaw County. |
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Attractions |
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Downtown Area Development LLC III
is the third
medical/professional office building being constructed across from St.
Mary’s of Michigan’s main campus in the City of Saginaw. The $6 million
project will house the State of Michigan unemployment office and has
space available for lease. |
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L2-Decorative Products
purchased the long-vacant Wic-Top Manufacturing facility in the City of
Frankenmuth. The company produces plastic laminates for the automotive,
RV and boating industries. SFI assisted L2 and the community with an
industrial development district designation and an investment
incentive. The company invested nearly $180,000 and created four new
jobs. |
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Triple M Tire
purchased the long vacant, former Quality Farm & Fleet building.
Located on M-46, adjacent to the Morley Industrial Park in Buena Vista
Charter Township, Triple M refurbished the facility and purchased tire
re-treading equipment. The location is the largest re-treading facility
of its kind in the State of Michigan. The company invested over
$600,000 and hired 18 new workers. |
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In the 1st
quarter of 2007, SFI assisted nine companies that invested $12,740,872
that will create 46 jobs and retain 200 jobs. |
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