my.chemeurope.com
With an accout for my.chemeurope.com you can always see everything at a glance – and you can configure your own website and individual newsletter.
06-07-2010: Wacker Chemie AG is acquiring the Norwegian FESIL Group´s silicon-metal production site in Holla (near Trondheim). The two companies signed a purchase agreement to this effect on Friday night, June 4, 2010. The transaction still requires approval of Wacker´s supervisory board and FESIL´s board of directors as well as clearance by the antitrust authorities. Under the terms of the transaction, Wacker takes over all of FESIL´s production facilities in Holla, including the related real estate. The Munich-based chemical company intends to continue employing the site´s existing workforce of some 140. Closing of the transaction is expected before the end of Q3 2010.
"This strategic acquisition is a key step in securing our long-term supply of silicon metal," said Group CEO Rudolf Staudigl. "Acquiring Holla makes us more independent of raw-material price fluctuations and increases our supply security during peak-demand periods."
"This acquisition represents a strategic change, bringing the Holla Silicon Metal plant into an integrated part of Wacker´s silicone value chain", says Thorstein Abrahamsen, CEO of FESIL. "FESIL AS will now focus its resources on ferrosilicon metal production and develop its world wide ferroalloy trading as well as industrialize its Solsilc Solar Grade Silicon Metal Process now at the pilot stage."
Silicon metal is one of WackerR´s most important raw materials and is needed for the production of silicones and hyperpure polysilicon. Holla Metall´s production capacity is around 50,000 metric tons of silicon metal per year, which corresponds to about one third of Wacker´s current annual needs.
Contact / Request information
Request further information free of charge:
Watchlist
This is where you can add this news to your personal favourites
Wacker Signs Partnership Agreement with Spanish Silicones Compounder Siliconas Silam
Wacker, the Munich-based chemicals group, is deepening its ties with Siliconas Silam S.A., a silicones compounder in Spain. The two companies recently signed an agreement to that effect. Under its terms, Siliconas Silam may sell ready-to-use products made from Wacker silicone rubber base un ... more
Wacker Releases its Preliminary Fiscal 2011 Figures
In fiscal 2011, Wacker Chemie AG continued to increase its sales compared to the prior year. According to preliminary calculations, the Munich-based chemical company achieved total sales of €4.91 billion in 2011 (2010: €4.75 billion), up over 3 percent year over year. This slight sales rise ... more
Wacker Closes Semiconductor Wafer Production in Japan
Siltronic, Wacker Chemie AG’s semiconductor division, intends to streamline its 200 mm wafer production capacities. As a result, Siltronic plans to close its production site in Hikari, Japan, by mid-2012. Hikari’s production volumes shall be transferred to Siltronic’s existing 200 mm wafer ... more
WACKER is a globally operating chemical company headquartered in Munich, Germany. Its portfolio focuses on silicone chemistry, polymer chemistry, fine chemicals and biotech products, polysilicon, wafers and hyperpure silicon monocrystals. In line with these core areas of expertise, WACKER h ... more
Wacker Finalizes Acquisition of Silicon-Metal Production Site in Norway
Wacker Chemie AG has successfully concluded its acquisition of the silicon-metal production site in Holla from FESIL Group (Norway). The transaction announced early last month has now been cleared by the relevant antitrust authorities and approved by Wacker’s and FESIL’s supervisory bodies. ... more
Wacker acquires silicon-metal production site in Norway
Wacker Chemie AG is acquiring the Norwegian FESIL Group´s silicon-metal production site in Holla (near Trondheim). The two companies signed a purchase agreement to this effect on Friday night, June 4, 2010. The transaction still requires approval of Wacker´s supervisory board and FESIL´s bo ... more
About CHEMIE.DE
CHEMIE.DE Information Service GmbH runs specialist scientific internet portals. The secret to our success? We are familiar with what we publish.
Advertising at CHEMIE.DE
Our advertising formats support you in getting your message across to a clearly defined target audience.
© 1997-2011 CHEMIE.DE Information Service GmbH, All rights reserved
