Tag Archives: Hoku Materials

Hoku (HOKU) Begins Producing Polysilicon At Idaho Facility

Hoku Materials just announced that it has actually started producing polysilicon at its Pocatello, Idaho facility. The plant is currently in a testing phase that it expected to last about 3 weeks.

In a press release, Scott Paul, president and chief executive officer of Hoku Corporation, commented on the news:

“This is a significant milestone for Hoku Materials. Commencement of this pilot production run marks the beginning of our plant ramp-up and is the result … Read the rest

Hoku Materials (HOKU) Amends Supply Deal With Shanghai Alex New Energy

Hoku Materials just announced that it has amended a polysilicon supply contract with Shanghai Alex New Energy. Under the amended agreement, polysilcon amounts and financial details will stay the same, but the due date for delivery of the first shipment will be moved from the first quarter of 2010 to the third quarter of 2010.

In a press release, Dustin Shindo, chairman and chief executive officer of Hoku Scientific, commented on the new agreement:

“This … Read the rest

Hoku Materials’ (HOKU) Idaho Plant Granted Foreign Trade Zone Status

Hoku Materials just announced that its Pocatello, Idaho plant has been granted foreign trade zone status. This news means that Hoku will be except from paying duties on all supplies it imports from other countries, as long as the products produced are intended for export. Since approximately 80% of Hoku’s expected polysilicon capacity has already been sold to Chinese companies, at least 80% of its raw materials should be duty-free.

In a press release, … Read the rest

Hoku (HOKU) And JH Kelly Confirm Schedule For Polysilicon Plant Start-Up Operation

Hoku Materials, Inc just announced that it has entered into a change order agreement with JH Kelly regarding the construction and start-up of Hoku’s polysilicon plant. The change order redistributes the potential bonus awards due JH Kelly for meeting Hoku’s schedule goals. Previously, Hoku had offered JH Kelly the chance to earn up to $5 million in bonus payments for meeting goals related to completions dates, budget and safety goals, but only $1.5 million of … Read the rest

Hoku Materials, Inc (HOKU) Announces Change In Polysilicon Plant Construction Contract

Hoku Materials, Inc, has just with Stone and Webster, Inc, to redefine the company’s responsibilities in the construction of Hoku’s new polysilicon plant.  Under the terms of the change order agreement, Hoku will delay engineering and construction of the trichlorosilane production area of the plant until April, and will transfer construction management services to JH Kelly, LLC.

Dustin Shindo,  Hoku’s chairman and CEO, described how the change will affect the company:

“The revised scope of … Read the rest

Hoku Materials (HOKU) Signs Supply Contract With Polymet Alloys

Hoku Materials announced that it has signed a supply contract with Polymet Alloys for silicon  metal to be converted into polysilicon for the solar market. The 3-year contract states that Polymet will supply Hoku with specified amounts of silicon each year starting in 2009. This guarantees that Hoku will have enough silicon for the start-up of its plant. If necessary, both parties can agree to expand the contract after the first year.

Dustin Shindo, Hoku’s … Read the rest