Hemlock customer SolarWorld Industries Sachsen also insolvent

May 12, 2017

Workers at SolarWorld Industries Sachsen handling silicon bricks — After SolarWorld Industries has filed for insolvency, Hemlock Semiconductor’s $793 million claim is probably vain – Image: SolarWorld

SolarWorld Industries Sachsen GmbH (formerly Deutsche Solar GmbH), a wholly owned subsidiary of SolarWorld AG and customer of polysilicon manufacturer Hemlock Semiconductor, has filed for insolvency proceedings, along with other SolarWorld subsidiaries, one day after SolarWorld AG filed for the same.

As a consequence, Hemlock Semiconductor will probably not see much, if any, of the US$793 million that it claims from a long-term supply contract broken by SolarWorld Industries Sachsen GmbH.

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