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Major Milestone for Wacker Polysilicon
The first barge shipment of large equipment arrived at the WACKER POLYSILICON site in Charleston, Tenn. this week. Five tanks—each with a capacity of over 20,000 gallons—traveled from Europe to become part of the local site’s complex production system for hyperpure polysilicon.
Two days were dedicated to preparation of the unloading dock and transportation of the tanks from a barge in Charleston to the company’s construction site. A crane over 130 feet tall lifted each tank individually from the barge, placing it on a truck for travel.
“We have taken utmost care to ensure the highest safety actions and environmental care in the transport of these tanks,” said Dr. Martin Richtberg, vice president of engineering and head of the WACKER POLYSILICON construction project. “Planning for the tanks’ arrival began last year, as every aspect was thoroughly examined and coordinated—the cranes used to lift and place the tanks, the barge for water travel, the truck used for transport to the site…it is important to WACKER that all elements of the project are safe and environmentally responsible.”
“The tanks are double-walled and have specialized coatings that support our production process. They have been engineered to ensure long-term quality and integrity,” adds Dr. Richtberg. “WACKER is committed to protection of the environment, our employees and the community.”
“This arrival represents a major milestone in the construction of our plant,” said Dr. Konrad Bachhuber, vice president and site manager for WACKER POLYSILICON North America. “The tanks have a central function in WACKER POLYSILICON’s unique production process.”
“Every detail of the transportation chain must fit with each other perfectly,” explained Ulrich Dankerl, project manager and lead logistics/engineering for the project. “Communication and planning, especially with such a complex chain, are key components of successful transportation.”
The tanks arrived in the U.S. at a port in Mobile, Ala. After passing customs, quality and damage checks, the tanks travelled by barge along the Mississippi, Tennessee and Hiawassee rivers.
Smaller equipment continues to arrive at the site on a near daily basis. In March 2012 a small tank weighing approximately 10 tons was delivered, and more tanks are planned for the project.
More Business News
Last Update on September 19, 2014 17:24 GMT
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The stock opened at $92.70 on the New York Stock Exchange this morning, up 36 percent from the initial $68 per share price set Thursday evening.
At that price the company would be worth $228.5 billion, more than companies such as Amazon, Ebay and even Facebook.
On Thursday, Alibaba and the investment bankers arranging the IPO settled on a price of $68 per share. The company and its early investors raised $21.8 billion in the offering, which valued Alibaba at $168 billion in one of the world's biggest ever initial public offerings.
But after a two-hour trading delay due to strong demand, it opened much higher than that price. If the stock closes at $92.70, the IPO will have raised close to $30 billion.
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The Conference Board says its index of leading indicators rose 0.2 percent in August, the seventh straight increase. But that was much slower than the revised 1.1 percent gain in July.
Conference Board economist Ken Goldstein says even with the slowdown in August, the index shows the economy is still gaining traction.
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The Labor Department says unemployment increased in 24 states, fell in 15 and was unchanged in 11. Hiring picked up in 35 states, while it fell in 15.
Unemployment rates can rise even when hiring increases if more people start looking for work and don't immediately find jobs. The figures suggest hiring was broad-based across most regions of the country last month, even as nationwide job gains in August were the weakest this year.
Georgia reported the nation's highest unemployment rate, at 8.1 percent, followed by Mississippi at 7.9 percent. That's the first time Georgia has had the highest rate since the Great Recession ended.
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The No campaign won 55 percent of the votes cast in Thursday's referendum. The 10-point victory margin was wider than expected -- most opinion polls on the eve of the vote showed a narrower 4-point victory.
British stocks responded positively to the news Friday, with the FTSE 100 index up 0.3 percent. Royal Bank of Scotland shares were up, and the bank, which is majority-owned by the U.K. government, said it was "business as usual" for its customers.
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In the currency markets, the pound was solid too, rising to a two-year high against the euro.
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