Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hemlock Semiconductor Sales Worsen on Solar Oversupply

Don't Miss Out —
Follow us on:

May 1 (Bloomberg) -- Sales at Hemlock Semiconductor Corp., the largest U.S. maker of material polysilicon used to make solar panels, continued to worsen in an oversupplied market, its largest joint-venture parent Dow Corning Corp. said today.

Hemlock is “challenged” and faces “the threat of potential duties on its products sold into China,” Midland, Michigan-based Dow Corning said in a statement today. It contributed to a 17 percent sales drop at Dow Corning in the first quarter to $1.26 billion.

Hemlock’s performance worsened as “the solar polysilicon industry deals with excess inventories and awaits resolution of the global trade disputes,” Dow Corning Executive Vice President and Chief Financial Officer J. Donald Sheets said in the statement. China, which makes most of the world’s panels, may soon impose a tax on polysilicon imports.

Dow Corning, which is owned by Dow Chemical Co. and Corning Inc., holds 63.25 percent of Hemlock, Michigan-based Hemlock, while Shin-Etsu Handotai Co. holds 24.5 percent and Mitsubishi Materials Corp. holds 12.25 percent.

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

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.