WACKER expects to grow in all business divisions in 2025, despite headwinds

Chemical divisions and biotechnology division perform in a weak market environment

13-Mar-2025 - With the presentation of its annual report, Wacker Chemie AG reported that its 2024 sales and earnings fell versus the previous year due to persistently weak market conditions. WACKER’s sales totaled €5.72 billion, 11 percent less than in 2023 (€6.40 billion). This development was driven ...

Wacker Chemie AG: Chemical and biotechnology divisions performed in a weak market environment in 2024

Preliminary figures

29-Jan-2025 - Wacker Chemie AG achieved good results in 2024 given a persistently weak market environment. Overall, sales and earnings were below the previous year's figures. This development was driven primarily by lower prices and much lower volumes at POLYSILICON. Despite headwinds, the chemical divisions ...

WACKER Expands Production Capacity for Specialty Silicones in Asia

Asia is already one of WACKER’s most important sales regions

28-Jan-2025 - Wacker Chemie AG started up two new production facilities for specialty silicones in Japan and South Korea. The expansion strengthens the company’s activities in the Asian growth market. The new plants, located in Tsukuba, Japan and in Jincheon, South Korea, will serve the growing demand from the ...

Sales and Earnings at WACKER Defined by Lower Volumes in Q2 2024

“Even though a sustained turnaround is not yet in sight, we are seeing the first signs that the economy is recovering...”

29-Jul-2024 - Wacker Chemie AG recorded a decline in sales and earnings in the second quarter of 2024. The Munich-based chemical company generated sales of around €1.5 billion in the reporting quarter (Q2 2023: €1.75 billion), down 16 percent. This trend was due primarily to much lower solar-grade polysilicon ...

Silicone specialities: WACKER builds new production site in the Czech Republic

The investment volume is in the low triple-digit million-euro range

24-Jun-2024 - Wacker Chemie AG strengthens its focus on silicone specialties in Europe with the construction of a new production site. The chemical company, together with project partners and officials representing the city and the region, broke ground symbolically in Karlovy Vary, Czech Republic. From the end ...

Wacker Chemical Corporation under new management

18-Apr-2024 - Christoph Kowitz, currently head of WACKER’s Corporate Research Department, takes charge of the Group’s U.S. subsidiary Wacker Chemical Corporation (WCC) at the beginning of May. He succeeds David Wilhoit who has been responsible for WACKER’s North and Central American business since 2015 and is ...

WACKER Plans New Production Site for Silicone Specialties in the Czech Republic

The investment volume is in the low triple-digit million euro range

15-Jan-2024 - Wacker Chemie AG plans to further expand its silicone specialties business and is reorganizing its production operations in Europe. A new production site for silicones is to be built in Karlovy Vary in the Czech Republic. The main drivers of this expansion measure are megatrends such as ...

WACKER Expands Specialty Silicone Production in China

27-Sep-2023 - Wacker Chemie AG is expanding its specialty silicone manufacturing capacities in China. A kick-off event at the Zhangjiagang site in Jiangsu Province marks the start of construction of several new production lines, where the globally operating chemical group will manufacture functional silicone ...

WACKER Expands HCl Production for the Semiconductor Industry in Burghausen

02-Aug-2023 - 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 come from the semiconductor ...

Weak Demand in Chemical Business Impacts WACKER’s Sales and Earnings Growth in Q2 2023

28-Jul-2023 - Wacker Chemie AG saw its sales and earnings decline in the second quarter of 2023 due to the persistently difficult market environment. The Munich-based chemical company generated sales of €1.75 billion in the reporting quarter (Q2 2022: €2.17 billion), down 19 percent. This decrease was chiefly ...