Tag Archives: polysilicon plant

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