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Sunedison Inc announces cost reduction actions in Merano, Italy and St. Peters, Missouri semiconductor operations

Monday, 10 Feb 2014 07:00am EST 

Sunedison Inc:Says it will indefinitely close its shuttered polysilicon manufacturing facility in Merano, Italy immediately.Says the indefinite closure will affect about 200 employees at the Merano polysilicon plant.Says in connection with the closure, the associated electronic grade TCS (trichlorosilane) operation, which employs about 35 people, will be closed over the next 12 months.Says it will also commence a plan to consolidate its semiconductor crystal operations.Says the consolidation will include the transitioning of small diameter crystal activities in its St. Peters, Missouri facility to its other crystal facilities in Korea, Taiwan and Italy.Say the crystal manufacturing consolidation will affect about 100 employees in St. Peters and will be implemented over the next 12 months. 

Company Quote

0.74 +3.35%
21 Nov 2014