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WACKER Makes Guidance For 2020 Conditional Due to Coronavirus
18-Mar-2020
As already reported, Wacker Chemie AG's total sales for 2019 almost matched the prior-year level. On presenting its annual report, the Munich-based chemical company announced that Group sales came in at €4.93 billion in 2019 (2018: €4.98 billion). The slight decline of 1 percent was mainly due to ...
WACKER Begins Efficiency Program to Increase Competitiveness and Profitability
More than 1,000 jobs are expected to go by the end of 2022
21-Feb-2020
Wacker Chemie AG announced its initial plans for its “Zukunft gestalten” (Shape the Future) efficiency program. WACKER expects to save €250 million a year by reducing material costs and in-house services and by creating a leaner company structure. The program’s central task is to realign WACKER’s ...
Non-Recurring Effects Strongly Influence WACKER’s Figures for Fiscal 2019
29-Jan-2020
Wacker Chemie AG closed 2019 in line with its own expectations. According to preliminary figures, the Munich-based chemical group posted total sales of €4.93 billion last year, which is almost on par with a year earlier (2018: €4.98 billion). The slight decline of 1 percent was mainly due to ...
WACKER Starts Up New Silicon-Metal Production Facility in Norway
18-Nov-2019
Wacker Chemie AG’s new silicon-metal production plant officially went on stream at the Holla site in Norway, following two and a half years of construction. The new furnace is one of the largest of its kind in the world and increases the Holla site’s total capacity by more than 40 percent. The ...
Wacker ends Q3 2019 with sales and sales gains
25-Oct-2019
In Q3 2019, Wacker Chemie AG grew sales year over year and, due to special income, also its EBITDA. Reporting-quarter sales at the Munich chemical group came in at €1,267.9 million (Q3 2018: €1,242.7 million). That was a gain of 2 percent. This growth was fueled chiefly by positive volume and ...
WACKER Lowers Guidance for 2019
17-Oct-2019
Based on its latest estimates, Wacker Chemie AG expects several key financial performance indicators for 2019 to be lower than previously projected. Full-year Group sales are likely to be on par with last year (previous guidance: mid-single-digit percentage increase). EBITDA is anticipated to be ...
WACKER Launches Production of Pyrogenic Silica in the US
04-Oct-2019
The Munich-based WACKER Group officially brought a plant for manufacturing pyrogenic silica on stream at its US site in Charleston, Tennessee. The facility has an annual production capacity of 13,000 metric tons. WACKER will use this output both for sales purposes and for its own silicone ...
WACKER Acquires a Stake in UK Battery Materials Specialist Nexeon
13-Sep-2019
Wacker Chemie AG is intensifying its research activities on silicon-based materials for high-performance batteries by taking a holding in Nexeon Ltd. The Munich-based chemical company announced that it is acquiring a 25 percent stake in the UK specialist for new battery materials. WACKER and ...
New WACKER Production Plant for Dispersible Polymer Powders Goes on Stream in South Korea
04-Sep-2019
Following a construction phase lasting 20 months, Wacker Chemie AG has brought a new spray dryer for the production of dispersible polymer powders on stream in Ulsan, South Korea. The plant is part of an ongoing site expansion aimed at boosting the company’s production capacity for dispersions ...
WACKER Expands Silicone Elastomer Production in China
11-Jun-2019
WACKER inaugurated a new production line for silicone elastomers at its Zhangjiagang site in China. With an annual capacity of several thousand metric tons, the facility will help support WACKER’s future growth path in China and improve the availability of high consistency silicone rubber (HCR) ...
