UPDATE 6-Meal-kit maker Blue Apron goes public, demand underwhelms as Amazon looms
* Stock scheduled to debut on NYSE on Thursday (Adds company confirmation on pricing in second paragraph)
LOS ANGELES Jan 14 Hemlock Semiconductor Group said on Monday it will lay off about 400 workers in Tennessee and Michigan due to a global glut of polysilicon and the threat of tariffs on its products sold in China.
Hemlock is a major producer of polysilicon, the raw material used in most photovoltaic solar panels. It is a joint venture between Dow Corning Corp, Shin-Etsu Handotai and Mitsubishi Materials Corp.
"The threat of tariffs on U.S. polysilicon imported into China has significantly decreased orders from China, which is home to one of the largest markets for our products," Hemlock President Andrew Tometich said in a statement.
The job cuts will affect 300 employees in Tennessee and 100 in Michigan, Hemlock said.
SYDNEY, June 29 The dollar shuddered to its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signalled the era of easy money might be coming to an end for more than just the United States.