Hoku Materials, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (NasdaqGM:HOKU) has been awarded a contract to JH Kelly LLC, a Washington-based general contractor, to provide construction services for Hoku Materials’ polysilicon production plant located in Pocatello, Idaho.
The contract is for construction services estimated at $120 million for a production facility capable of producing 2,000 metric tons of polysilicon annually with additional incentives of up to $5 million if certain construction schedule milestones, cost targets, and safety standards are met.
“We are excited about our contract with JH Kelly. Their experience and partnership further our efforts to construct a polysilicon production plant,” noted Dustin Shindo, chairman of the board of directors, president and CEO of Hoku Scientific. “JH Kelly has more than eighty years of experience, and has performed construction services for polysilicon, chemical process, and semiconductor facilities, making them a solid choice to be our construction services provider.”
“Hoku has impressed us with their approach to building their polysilicon plant,” said Dan Evans, Chairman of JH Kelly. “We look forward to working with them on this exciting project.”
Loading...