Wacker Chemie
 |
|
| Aktiengesellschaft | |
| Traded as | : WCH |
| Industry | Chemicals |
| Founded | 1914 |
| Headquarters | Munich, Germany |
|
Key people
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Rudolf Staudigl (CEO and chairman of the executive board), Peter-Alexander Wacker (Chairman of the supervisory board) |
| Products | Silicon for the semiconductor industry, silane, silicones, polymers, polycrystalline silicon, fine chemicals, biotechnology |
| Revenue | €5.404 billion (2016) |
| €366.2 million (2016) | |
| Profit | €189.3 million (2016) |
| Total assets | €7.462 billion (end 2016) |
| Total equity | €2.593 billion (end 2016) |
|
Number of employees
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17,205 (end 2016) |
| Website | www.wacker.com |
Wacker Chemie AG is a worldwide operating company in the chemical business, founded 1914. The company is controlled by the Wacker family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas. The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for semiconductor industry. The company sells its products in more than 100 countries. As of 31 December 2015, 16,972 employees have been with Wacker. Corporate annual sales in 2015 were about 5,3 billion Euros, up 10% compared to 2014.
The biggest production site of Wacker Chemie is the Burghausen plant in the south-east of Bavaria, Germany, with about 10,000 employees. The US headquarters are located at Adrian, Michigan.
Wacker Chemie AG - divided into 5 divisions - derives most of its products from two main raw materials: silicon and ethylene. Siltronic supplies the semi-conductor market with wafers. Wacker Polysilicon produces hyper-pure polysilicon for use in electronic and solar wafers. Wacker Silicones serves end markets like construction, automobile, paints, textiles, and paper. Starting from ethylene, Wacker Polymers serves mainly the construction industry with redispersible powders and several other industries with dispersions. Wacker Biosolutions focuses on using bio-technological processes to serve its customers. Wacker Polymers, a division of Wacker Chemie AG has appointed Peter Summo (48) as its next president, effective 1 October. Summo previously headed the engineering silicones business unit at Wacker Silicones. He is succeeding Arno von der Eltz, who is retiring on this date.
Wacker broke ground in 2011 on a new solar-grade polysilicon production facility in Bradley County, Tennessee. At a cost of $2 billion, the plant will be the German company's largest investment ever.
End of 2007, Wacker took over vinyl acetate/ethylene operations from Air Products Polymers. Consequently, it took full ownership of the activities in Allentown (PA), and Calvert City, Kentucky. Wacker's US headquarters are located in Adrian, Michigan - where Wacker Chemical Corporation is producing Silicon materials.
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