14.12.2016
Wacker Chemie AG DE000WCH8881
DGAP-News: Wacker Chemie AG: WACKER BUILDS NEW PYROGENIC SILICA PLANT IN THE USA
DGAP-News: Wacker Chemie AG / Key word(s): Expansion
Wacker Chemie AG: WACKER BUILDS NEW PYROGENIC SILICA PLANT IN THE USA
14.12.2016 / 12:59
The issuer is solely responsible for the content of this announcement.
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- WITH AN ANNUAL CAPACITY OF 13,000 METRIC TONS, THE NEW PRODUCTION
FACILITY FOR PYROGENIC SILICA SUPPLEMENTS THE CHARLESTON SITE'S VALUE
CHAIN
- CONSTRUCTION WORK IS EXPECTED TO BEGIN IN SPRING OF 2017, WITH
COMPLETION PLANNED FOR THE FIRST HALF OF 2019
- CAPITAL EXPENDITURE OF SOME US$150 MILLION TO BE INVESTED AND AROUND 50
NEW JOBS TO BE CREATED
- CEO RUDOLF STAUDIGL: "THE NEW PLANT IS THE NEXT LOGICAL STEP TOWARD
EXPANDING CHARLESTON INTO A FULLY INTEGRATED SILICON SITE IN THE
WORLD'S SECOND-LARGEST CHEMICAL MARKET"
Munich / Charleston, December 14, 2016 - Wacker Chemie AG will build a new
production plant for its HDK(R) brand of pyrogenic silica at its Charleston
site in the US state of Tennessee. The Munich-based chemical company
announced this today. The new facility, with an annual capacity of about
13,000 metric tons, is anticipated to involve capital expenditure of some
US$150 million. Construction work will start in the second quarter of next
year, with completion planned for the first half of 2019. This is expected
to create some 50 new jobs at the Charleston site. WACKER already produces
hyperpure polysilicon for the solar and semiconductor sectors in
Charleston, with some 650 employees there.
"The additional capacities strengthen our market position as a lead-ing
global producer of pyrogenic silica and help us to meet our customers'
growing demand," said WACKER CEO Dr. Rudolf Staudigl. "The new plant is the
next logical step toward expanding Charleston into a fully integrated
silicon site in the world's second-largest chemical market," he explained,
underscoring the investment's strategic importance.
The new facility is a key addition to the Charleston site's supply chain.
The main byproduct of polysilicon manufacturing is tetrachlorosilane, which
either has to be converted and fed back into the production loop or can be
used to create added value by being further processed into HDK(R). By
integrating the polysilicon and HDK(R) production systems, as already
operated at its Burghausen and Nünchritz sites in Germany, WACKER achieves
maximum flexibility in the reprocessing of tetrachlorosilane, avoids the
need to dispose of waste products, and thereby enhances the efficiency of
the integrated production system as a whole.
WACKER produces HDK(R) pyrogenic silica at Burghausen and Nünchritz in
Germany and Zhangjiagang in China. The Munich-based chemical company is the
world's third-largest manufacturer in this sector. Ultrapure amorphous
silicon dioxide powder is used as a filler in silicone elastomers and as a
rheology-control additive in paints, adhesives, unsaturated polyester
resins and plastisols. It also serves as a flow aid in the cosmetics,
pharmaceutical and food-processing industries.
This press release contains forward-looking statements based on assumptions
and estimates of WACKER's Executive Board. Although we assume the
expectations in these forward-looking statements are realistic, we cannot
guarantee they will prove to be correct. The assumptions may harbor risks
and uncertainties that may cause the actual figures to differ considerably
from the forward-looking statements. Factors that may cause such
discrepancies include, among other things, changes in the economic and
business environment, variations in exchange and interest rates, the
introduction of competing products, lack of acceptance for new products or
services, and changes in corporate strategy. WACKER does not plan to update
the forward-looking statements, nor does it assume the obligation to do so.
For further information, please contact:
Wacker Chemie AG
Media Relations & Information
Christof Bachmair
Tel. +49 89 6279-1830
[email protected]
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14.12.2016 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.
Archive at www.dgap.de
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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, Tradegate Exchange
End of News DGAP News Service
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529369 14.12.2016
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