08.03.2017
Wacker Chemie AG DE000WCH8881
DGAP-News: Wacker Chemie AG: WACKER expands silicon-metal capacity at Norwegian production site in Holla
DGAP-News: Wacker Chemie AG / Key word(s): Expansion
Wacker Chemie AG: WACKER expands silicon-metal capacity at Norwegian
production site in Holla
08.03.2017 / 11:29
The issuer is solely responsible for the content of this announcement.
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- NEW PLANT WITH WORLD-SCALE CAPACITY
- AROUND EUR85 MILLION TO BE INVESTED
- COMPLETION OF NEW PLANT EXPECTED IN FIRST HALF OF 2019
- GROUP CEO RUDOLF STAUDIGL: "THIS ADDITIONAL CAPACITY IS A KEY STRATEGIC
STEP IN OUR SOURCING OF RAW MATERIALS"
Munich and Holla, March 8, 2017 - Wacker Chemie AG is expanding the
capacity of its silicon-metal site at Holla in Norway. The Munich-based
chemical group is constructing an additional plant there, with world-scale
annual capacity. Capital expenditures of around EUR85 million are budgeted
for the capacity increase and for expanding local infrastructure.
Completion of the plant is expected during the first half of 2019.
"Expanding our silicon-metal capacity at this site is a key strategic step
in our sourcing of raw materials" said Wacker Chemie AG's CEO, Rudolf
Staudigl, as he explained the reasons behind the investment decision. "At
present, Holla covers around a quarter of our silicon-metal requirements.
Capacity expansion there is necessary to maintain this scale of coverage in
the future. The fact that we produce silicon metal ourselves makes us more
independent of price fluctuations on raw-material markets and, at the same
time, boosts the reliability of our supplies during peak-demand periods,"
the Group's CEO pointed out.
Silicon metal is one of WACKER's most important raw materials. It is needed
for producing silicones and hyperpure polysilicon.
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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08.03.2017 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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551637 08.03.2017
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