Globe Specialty Metals to invest $60 million in New York manufacturing facility

Globe Specialty Metals Inc. said it will invest $60 million in reopening and expanding its upstate New York manufacturing facility, creating 500 jobs.

Globe will re-open the existing Highland Avenue silicon production facility in Niagara Falls and invest in upgrading the equipment to produce approximately 30,000 tons of metallurgical grade silicon annually.

In addition, it will build a new 100,000 square foot facility in Niagara Falls to annually convert their metallurgical grade silicon into 4,000 tons of Solar Grade silicon- enough to produce 500 MW of solar power.

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