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Wacker Building $1.6 Billion U.S. Silicon Plant to Target Solar Customers

Wacker Chemie AG (WCH), a German chemicals maker, began construction on 1.1 billion-euro ($1.6 billion) solar polysilicon plant in Tennessee.

The plant in Cleveland, Tennessee will have an annual output capacity of 15,000 metric tons and is expected to be complete in late 2013, Munich-based Wacker said today in a statement.

Almost all of the output of the plant has been contractually secured for 2014. Wacker manufactured more than 30,000 metric tons of polysilicon in 2010 and is also expanding its Nuenchritz and Burghausen plants in Germany.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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