REC Silicon lays off 100 at Washington polysilicon plant
Polysilicon maker REC Silicon has announced that it will lay off another 100 workers at its Moses Lake facility in Washington State, as the factory heads into long term shutdown.
Fate of Washington polysilicon plant hinges on Trump, Jinping meeting
REC Silicon has delayed full shutdown of its Moses Lake polysilicon operation until mid July as President Trump and his Chinese counterpart are scheduled to hold talks in Osaka in two weeks’ time.
REC Silicon scraps stock placement as WA plant teeters on edge of shutdown
Stock in the polysilicon manufacturer appeared to be recovering in early trading on the Oslo exchange this morning after it cancelled plans for a private placement of as many as 50 million shares.
pvMB 2/27/19: Sunpin Solar’s new 96 MW solar plant, Sen. Feinstein returning fossil fuel money… and more!
Hello, happy hump day and welcome once again to the pv magazine USA morning brief. On today’s docket we have solar advocates holding a day of action for Million Solar Strong in New York, Encore Renewable Energy receiving a $1 Million investment, a 100 MW project approved in Maine and the rest of today’s essential solar quick-hitters.
REC Silicon to suspend production at Washington State polysilicon factory
REC Silicon has revealed plans to halt operations at its Moses Lake facility in 17 days’ time. The company says it has taken the decision to maintain liquidity for its semiconductor business with American workers set to pay the price for President Trump’s trade war with China.
REC Silicon struggles with even lower demand, Chinese tariffs
Revenue for the polysilicon maker’s solar materials segment fell almost 70% on the previous quarter, and the company reports its Moses Lake, Washington facility is running at only 25% capacity.
Members of congress warn of REC Silicon plant closure
A group of senators and representatives from Washington and Montana led by the top democrat on the U.S. Senate Energy and Natural Resources committee are calling on President Trump to negotiate with China and save REC’s Moses Lake facility.
REC Silicon hit by falling demand in Q2
The polysilicon maker has been a casualty of the trade war between the United States and China. Following layoffs, the company expects its plant in Washington to run at only 25% capacity until the trade war is resolved.
REC Silicon lays off 40% of US workforce, reduces production
The Norwegian polysilicon maker has announced that it will today lay off around 100 employees from its Washington plant and reduce production, as a “direct result” of the trade dispute between the United States and China.
REC Silicon sees 38% sales increase in Q3
Leading polysilicon producer REC Silicon posted revenue of $75.5 million in the third quarter – 23% above the previous quarter. REC saw a 38% increase in sales volume, despite polysilicon production for the quarter coming in slightly below guidance.
