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December 19, 2013

JH Kelly bids $8M for defunct $700M plant

  • The contractor is owed more than $25 million for work it did at the Hoku Materials plant in Pocatello, Idaho.
  • POCATELLO, Idaho (AP) — A contractor based in Washington state has again won an auction to purchase a failed polysilicon plant in eastern Idaho.

    JH Kelly was the highest bidder in Tuesday's auction, with a bid of $8.3 million for the Hoku Materials plant in Pocatello. The company was also the highest bidder when the plant was auctioned in October — then with a bid of $5.2 million — but a federal bankruptcy judge later said the auction had to be redone because it wasn't held in accordance with a court order.


     
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