My watch list  

WACKER breaks ground on new production plant in South Korea


Wacker Chemie AG is expanding its existing production plants for dispersions and dispersible polymer powders in South Korea. With the mayor of Ulsan Gi-Hyeon Kim and numerous customers in attendance, WACKER Executive Board member Dr. Christian Hartel, head of WACKER POLYMERS Peter Summo and head of WACKER Korea Dal-Ho Cho celebrated the official start of construction on the major project during a symbolic ground-breaking ceremony. The Group is building a new spray dryer for dispersible polymer powders at its Ulsan site, which will have a total capacity of 80,000 metric tons per year. The Munich-based chemicals company is also constructing an additional reactor for dispersions based on vinyl acetate-ethylene copolymer (VAE), which are needed as the raw material for the spray dryer to produce dispersible polymer powders.

Ulsan’s plant complex, which covers the entire production chain from VAE dispersions to dispersible polymer powders, will be one of the largest of its kind in the world. Investments will total around €60 million and production is scheduled to start in the first quarter of 2019.

With the expansion, WACKER is meeting the increasing demand for its high-quality binders, which are particularly needed in the constantly growing construction industry in South Korea and Southeast Asia. “Our existing production facilities in Ulsan provide the ideal setting for the expansion. With this new capacity, we will be able to support our customers right across Asia in a more targeted way by offering them products tailored to their specific requirements,” said Christian Hartel, the WACKER Executive Board member responsible for Asia, at the ground-breaking ceremony. According to him, the expansion will also guarantee shorter delivery routes and times.

“We can see that our construction polymers, in particular, which make resource-efficient housebuilding possible, are in demand in this region like never before,” added Peter Summo, head of WACKER POLYMERS, during the festivities. “With our investment, we are ensuring that we will be able to securely meet future market growth in the region, too.”

Facts, background information, dossiers
  • investments
More about Wacker Chemie
  • News

    Wacker opens a new plant for functional silicone fluids in India

    Wacker Metroark Chemicals Pvt. Ltd. is expanding its existing silicone production at its Amtala site near Kolkata with a new hydrosilylation plant for manufacturing functional silicone fluids. The plant with an annual capacity of over 6,000 metric tons was officially opened at a ceremony in ... more

    WACKER expects further sales and earnings growth for 2018

    As already reported, Wacker Chemie AG met or surpassed its own projections for all its performance indicators in 2017. On presenting its annual report, the Munich-based chemical company announced that Group sales reached €4.92 billion, up 6 percent year over year (2016: €4.63 billion). The ... more

    WACKER ends 2017 with Substantial Sales and Earnings Growth

    Following a good fourth quarter, Wacker Chemie AG achieved its sales and earnings targets for full-year 2017. According to preliminary figures, the Munich-based chemical group’s reporting-year sales came in at €4.92 billion (2016: €4.63 billion), up some 6 percent versus 2016. The increase ... more

  • Companies

    Wacker Chemie AG

    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

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE