Having recently announced plans to cut jobs, mainly in Germany, silicones supplier Wacker is strengthening its specialties business in markets that are profitable, especially in Asia. The company has tied up with Chinese specialty silane producer and joint-venture partner Sico…
Tag: wacker
Wacker to slash 1,500 jobs by 2027; savings of EUR300 mn/year
In view of what it says is a “tense” business situation, German silicones firm Wacker Chemie is to make significant cost savings in its production environment and administration set-up, through job cuts mainly in Germany. Wacker posted a net loss of…
Wacker pumps up silicone specialties with new production site in Czech Republic
German silicones maker Wacker Chemie has strengthened its focus on silicone specialties in Europe with the construction of a new production site. When fully operational, the site will be able to supply over 20,000 tonnes/year of custom-made silicones. First production…
Wacker opens new hq in Munich
German silicones firm Wacker Chemie recently opened its new corporate headquarters in Munich yesterday at a ceremony with over 100 invited guests. The new roughly 18,000 sq m building in Munich’s Werksviertel District was designed by Danish architecture firm C.F.…
Wacker to expand silicones production to Czech Republic
German silicones supplier Wacker Chemie says it intends to further expand its silicone specialty business and is reorganising its production facilities in Europe. For example, a new production site for silicones is to be built in Karlovy Vary, Czech Republic.…
Wacker China turns 30; accounts for 30% group sales
German chemicals firm Wacker recently held a grand ceremony in Shanghai to celebrate the 30th anniversary of its subsidiary in China. The ceremony was attended by customers, authority representatives and long-standing business partners. Wacker started building its presence in China…
Wacker expands speciality silicone facility in China
German chemical firm Wacker Chemie AG is expanding its specialty silicone manufacturing capacities in China. A kick-off event recently at the Zhangjiagang site in Jiangsu Province marked the start of construction of several new production lines, where the globally operating chemical…
Wacker expands hydrogen chloride facility in Germany
German silicones manufacturer Wacker Chemie AG has recently finished expanding its production of hyperpure hydrogen chloride at its Burghausen site in Germany. The facility which was commissioned in mid-July significantly increased overall production. Buyers for the newly added production volumes…
Wacker expands production of silicone sealants in Germany; investment of EUR20 mn
German chemical group Wacker says it is expanding its production and cartridge filling capacities for silicone sealants at its Nünchritz site, in response to growing demand. It has budgeted EUR20 million for the new manufacturing lines, which are scheduled to…
Wacker sales high; to invest in US/India plants
German silicones maker Wacker Chemie says it ended 2022 with new all-time highs for sales and earnings. Presenting its annual report recently, the Munich-based chemical company confirmed group sales of EUR8.21 billion in 2022, up 32% year over year. Substantially…