The current construction of the new Wacker plant near Charleston, TN. Photo by Doug Strickland /Chattanooga Times Free Press.
CLEVELAND, Tenn. — Wacker Polysilicon officials are expected to announce an additional $300 million investment in their northern Bradley County operations after receiving a one-time $1 million property tax abatement for 2014.
Wacker, originally having made a $1 billion commitment to its Charleston facility, ultimately will increase its investment to $1.8 billion, said Farlow. He noted that the company already had made an additional $500 million investment without asking for further concessions from the county.
In addition to the property taxes that Wacker will provide the county, it will pump an estimated $65 million into the community through salaries and wages for its projected staff of 600 employees, said Farlow.
