CHATTANOOGA, TN (WRCB) -- Wacker Chemie says they will delay the completion of their Bradley County polysilicon plant in Charleston, TN by 18 months, with production expected to start by mid-2015.
In their third quarter report, released earlier this week, Wacker cites that prospects in the semiconductor industry have "deteriorated."
High inventory supplies and a weak demand is pushing down prices for silicon-wafer, the primary intended product from the not-yet-completed Bradley County facility.
The report states: "Wacker is adapting to this market environment, and has therefore made the decision to delay the completion of the polysilicon facility at its US site in Charleston, Tennessee. At this time, the company expects to start production at Charleston by mid-2015, some 18 months later than originally planned."
Stay with Channel 3 Eyewitness News for the latest on this story as it develops.
Tuesday, June 18 2013 10:43 PM EDT2013-06-19 02:43:02 GMT
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