An idle industrial plant in Niagara Falls, New York State, will reopen early next year, creating 500 new jobs tied to production of silicon for the solar power industry.
The Globe Metallurgical plant, dormant since 2003, will come back to life under the ownership of Globe Specialty Metals, one of the world's largest producers of metallurgical and chemical-grade silicon metal and silicon-based specialty alloys.
Globe will invest $60 million in the facility, including a 100,000-square-foot expansion. The facility is expected to be in full production by 2011, turning out 4,000 tons of solar-grade silicon per year.
The reopening is aided in large part by a 40-megawatt allocation of low-cost power from the New York Power Authority approved today. Globe also will get a boost from about $25 million in state Empire Development Zone benefits tied to job creation.
Source: Buffalo News
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