MIDLAND, Mich.--(Robert D. Hansen, president and CEO, Dow Corning Corporation, the majority shareholder of Hemlock Semiconductor Group.)--EDITOR’S NOTE: The following statement can be attributed to
On behalf of Dow Corning Corporation and Hemlock Semiconductor Group, I am disappointed that the United States and China have yet to negotiate a sustainable, mutually beneficial settlement to the global trade issues that have arisen in the solar industry. This review is part of a broader trade conflict extending far beyond the polysilicon and solar industries, as an escalating number of trade disputes have been initiated throughout the globe in the last 12 months. This issue is serious and could impact Hemlock Semiconductor’s ability to sell material to China – its largest market - if the Chinese government assesses duties against U.S. manufactured polysilicon sold into China.
This case proves that no country or industry wins when trade disputes escalate. In China, these actions threaten the Chinese solar industry’s access to the critical technical collaboration and material supply companies like Hemlock Semiconductor currently provide Chinese solar cell and module producers. This could lead to higher costs and potentially less globally competitive solar products from China. In the United States, more than $1 billion of U.S. exports and potentially thousands of U.S. jobs across the solar value chain are at risk - as is the steady growth of the U.S. solar industry.
Dow Corning and Hemlock Semiconductor will continue to work closely with government officials from the U.S. and China to express the need for trade policies that acknowledge the dynamics and opportunities of a new and emerging global industry. Ultimately, I am optimistic that a reasonable and mutually acceptable resolution is within reach which will enable and foster growth and cooperation.
About Dow Corning
Dow Corning (dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company’s Dow Corning® and XIAMETER® brands. Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning’s annual sales are outside the United States. Dow Corning’s global operations adhere to the American Chemistry Council’s Responsible Care® initiative, a stringent set of standards designed to advance the safe and secure management of chemical products and processes.
About Hemlock Semiconductor Group
Hemlock Semiconductor Group (hscpoly.com) consists of several joint venture companies owned by Dow Corning Corporation, Shin-Etsu Handotai and Mitsubishi Materials Corporation. Hemlock Semiconductor is a leading provider of polycrystalline silicon and other silicon-based products used in the manufacturing of semiconductor devices and solar cells and modules. Hemlock Semiconductor began its operations in 1961.
Follow Dow Corning on Twitter: www.Twitter.com/dowcorning
Follow Hemlock Semiconductor Group on Twitter: twitter.com/hscpoly
Visit Dow Corning's YouTube channel: www.YouTube.com/dowcorningcorp
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50348129&lang=en