DGAP-News: Wacker Chemie AG / Key word(s): Miscellaneous Wacker Chemie AG: WACKER STARTS UP NEW PRODUCTION PLANT FOR POLYVINYL ACETATE IN CHINA 31.03.2015 / 11:44 --------------------------------------------------------------------- - AVAILABLE ANNUAL CAPACITY OF 20,000 METRIC TONS - INVESTMENT SPENDING TOTALS SOME EUR20 MILLION - AUGUSTE WILLEMS, EXECUTIVE BOARD MEMBER: "THIS INVESTMENT WILL STRENGTHEN OUR POSITION AS THE WORLD'S LEADING MANUFACTURER OF SOLID RESINS FOR GUMBASE" Munich / Nanjing, March 31, 2015 - Wacker Chemie AG inaugurated its new production plant for food-grade polyvinyl acetate (PVAc) solid resins at its Nanjing site (Jiangsu province) in China today. With an annual capacity of 20,000 metric tons, the plant is the largest of its kind in Asia and it is certified to the highest food standards. PVAc solid resins find use in the manufacture of gumbase for chewing gum. With this investment, WACKER intends to secure sufficient long-term capacity to meet the strong demand for PVAc solid resins and thus continue to offer its Asia-Pacific customers high supply security and product quality. The Group invested around EUR20 million in the expansion project. WACKER is thereby strengthening its position as the world's leading manufacturer of PVAc solid resins for the chewing-gum industry. "The new solid-resins plant in Nanjing is an important milestone for our continued growth in the region," explained Auguste Willems, Wacker Chemie AG Executive Board member, at the opening ceremony. "Asia has become one of the biggest markets for chewing gum. Thanks to the new plant, we can keep pace with our customers' strong demand for high-quality polyvinyl acetate solid resins in the region in the future - and are thus strengthening our position as the world's leading manufacturer of solid resins for gumbase." WACKER's fully integrated Nanjing site is already producing vinyl acetate-ethylene copolymer dispersions and dispersible polymer powders for the construction, coating, adhesive and other industries. By bundling its Chinese polymer activities at a single site, the company expects to gain decisive advantages and synergies, achieving economies of scale through a common infrastructure and energy supply. Additionally, it will be able to enhance transport and logistical efficiency and sustainability. WACKER has been a leading supplier of food-grade polyvinyl acetate solid resins for over 50 years and manufactures them in Germany and China. The products can be found on the chewing-gum market under the trademarks VINNAPAS(R) and CAPIVA(R). PVAc solid resins from WACKER are a key component of various modern gumbase types. For further information, please contact: Wacker Chemie AG Presse und Information Christof Bachmair Tel. +49 89 6279-1830 Fax +49 89 6279-1239 [email protected] --------------------------------------------------------------------- 31.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Wacker Chemie AG Hanns-Seidel-Platz 4 81737 München Germany Phone: 0049-89-6279-1633 Fax: 0049-89-6279-2933 E-mail: [email protected] Internet: www.wacker.com ISIN: DE000WCH8881 WKN: WCH888 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 339797 31.03.2015