Idaho Town Struggles After Chinese Factory Fails [2013]

“With great fanfare, a Chinese polysilicon factory broke ground on 67 acres here in 2007. So what if the company wanted breaks and concessions? The decision by the city to buy the land and lease it back almost free seemed like a bargain at $1.4 million, given the potential payoff. Now, 18 months after shutting completely, the factory, which was to produce materials used in solar panels, stands ghostly and silent. It never went into full operation, and in the global collapse of silica prices, it probably never will, solar industry experts said. Wooden crates of equipment, some never opened, sit stacked where they were left, like time capsules from a lost world.”

http://www.nytimes.com/2013/11/06/us/idaho-town-struggles-after-pinning-hopes-on-failed-factory.html?_r=1&

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin