Create a free Manufacturing.net account to continue

Globe Specialty Metals Reopens N.Y. Plant

Newly reopened Niagara Falls manufacturing plant will use hydropower to make products for the solar industry.

NIAGARA FALLS, N.Y. (AP) -- A newly reopened Niagara Falls manufacturing plant will use hydropower to make products for the solar industry.

New York City-based Globe Specialty Metals Inc. said it hired 138 people after spending $27 million on upgrades to the silicon plant it acquired in 2006.

The New York Power Authority aided the reopening by approving a 40-megawatt allocation of low-cost hydropower. Globe also is in line for about $25 million in state Empire Development Zone benefits over 10 years.

State leaders hope to attract solar panel manufacturers to New York by offering reduced rates on the in-demand purified silicon the Niagara Falls plant will produce.

Globe eventually hopes to employ 500 people in Niagara Falls.

More in Operations