(Registrieren)

WACKER CONTINUES EXPANSION OF POLYSILICON PRODUCTION AT ITS BURGHAUSEN SITE

Geschrieben am 28-06-2006

- DECISION TO EXPAND NOMINAL PRODUCTION CAPACITY BY ANOTHER 4,500 METRIC TONS
PER YEAR
- SOLAR-SECTOR DEMAND FOR POLYSILICON EXPECTED TO SHOW FURTHER RAPID GROWTH
- CAPITAL EXPENDITURES OF ABOUT €300 MILLION ARE ESTIMATED TO CREATE SOME 270
JOBS
- CEO PETER-ALEXANDER WACKER: “WE’VE REACHED ANOTHER MILESTONE IN OUR GROUP’S
LONG-TERM STRATEGY FOR PROFITABLE GROWTH”


--------------------------------------------------------------------------------
ots-CorporateNews transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------


WACKER plans to expand its annual polysilicon production capacity at
Burghausen by an additional 4,500 metric tons to a total of 14,500
metric tons by the end of 2009. The Munich-based chemical company
made this decision today. WACKER had already initiated polysilicon
expansion measures to increase nominal production capacity from
currently 5,500 metric tons/year to an estimated 10,000 metric tons
by early 2008. First material for sale from the new, so-called
"capacity expansion stage 7" is expected to be available in Q4 2008.
The new plant is scheduled to reach full capacity until end of 2009.
WACKER has earmarked capital expenditures of around EUR300 million
for this project, which is expected to create some 270 jobs.

By expanding its output, WACKER intends to meet soaring global demand
for hyperpure polycrystalline silicon. The main growth driver is the
solar industry, which requires silicon for the manufacture of solar
cells. WACKER forecasts further solar-market growth over the next
four years. Consequently, it expects solar-sector polysilicon demand
to increase at an annual double-digit rate. As for the electronics
sector, WACKER is expecting a high single-digit rise of polysilicon
demand.

"Today’s expansion decision is another milestone to deliver on the
Group’s long-term strategy for profitable growth," said Dr.
Peter-Alexander Wacker, the Group’s president and CEO. "We are
already the world’s second-largest polysilicon producer and plan to
become market leader. We want to practically triple our polysilicon
production capacity by the end of 2009. Also, we consider this
project a major contribution to accelerate growth in the solar
industry," added the CEO.

"Burghausen was chosen as the site for this expansion stage in the
face of considerable intra-Group competition from European and North
American locations," said Dr. Ewald Schindlbeck, president of WACKER
POLYSILICON. "Extensive studies prior to this investment decision
showed that Burghausen was the right choice," he explained, "not only
from an economic point of view, but also due to the speed of
constructing the new plant there."

Key factors in Burghausen’s favor were agreements concluded between
management, employee representatives and the IG-BCE trade union about
cost-saving measures and further increases in worktime flexibility.
The negotiating parties agreed, for a period of five years, to fix
starting salaries for new Burghausen employees at 90 percent of the
standard rate. They also decided to expand the flexi-time period for
Burghausen employees from the current one year to three years. This
will allow more flexibility in the face of order fluctuations.

WACKER has been producing hyperpure polycrystalline silicon for the
semiconductor industry at its Burghausen site for over 50 years. With
solar-silicon demand rising, WACKER POLYSILICON has been increasing
sales to the photovoltaics industry over the past six years while
expanding capacity step by step.

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.


end of announcement euro adhoc 28.06.2006 15:39:45
--------------------------------------------------------------------------------


ots Originaltext: Wacker Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christof Bachmair
+49 (0)89 6279 1830
christof.bachmair@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade


Kontaktinformationen:

Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.

Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.

Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.

http://www.bankkaufmann.com/topics.html

Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.

@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf

E-Mail: media(at)at-symbol.de

19117

weitere Artikel:
  • De Beers and Gedex Inc. Sign Strategic Agreement Toronto and Johannesburg, South Africa (ots/PRNewswire) - Gedex Inc., a private Canadian corporation, has completed a strategic agreement with De Beers, the world's largest diamond mining group, which will assist in the commercialisation of Gedex's new resource exploration technology. De Beers has contracted with Gedex to use its unique and proprietary high definition airborne gravity gradiometer (HD-AGG(TM)) system in exploration surveys and to provide related services over several years. "De Beers is committed to using leading edge mehr...

  • Explorationsarbeiten zeigen Potential für großflächiges Goldsystem auf Caspiche in Chile Vancouver, B. C. (ots) - Exeter Resource Corporation (Frankfurt WKN 893955; ISIN CA3018351047) hat seine ersten Explorationsarbeiten aufgrund seiner strategischen Vereinbarung mit "Minera Anglo American Chile Limitada" und "Empresa Minera Mantos Blancos S.A." (zusammen: "Anglo American") in Maricunga, Chile, abgeschlossen. Ergebnisse des Programms lassen die Folgerung zu, dass das 14,9 Quadratkilometer große Caspiche-Projekt exzellentes Potential hat, Goldmineralisierung in großem Umfang zu enthalten. Caspiche ist im Maricunga Distrikt mehr...

  • euro adhoc: GESCO AG / Gewinnprognose / GESCO AG rechnet mit weiterem Wachstum -------------------------------------------------------------------------------- Ad hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- 28.06.2006 Wuppertal, 28. Juni 2006 - Die im Prime Standard notierte Beteiligungsgesellschaft GESCO AG erwartet für das Geschäftsjahr 2006/2007 (01.04.2006-31.03.2007) einen Umsatz von rund 245 Mio. EUR (Vorjahr 234 Mio. EUR), einen Konzernjahresüberschuss von 9,8 Mio. EUR (Vorjahr 9,3 mehr...

  • euro adhoc: GESCO AG / Earnings Forecast / GESCO AG anticipates further growth -------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 28.06.2006 Wuppertal, 28 June 2006 - Prime Standard-listed holding company GESCO AG has forecast sales of around EUR 245 million for financial year 2006/2007 (01.04.2006 - 31.03.2007) (previous year: EUR 234 million), a Group net income of EUR 9.8 million (previous mehr...

  • euro adhoc: ESCADA AG / Quartals- und Halbjahresbilanz / ESCADA mit annähernd zweistelligem operativen Ergebniswachstum im ersten Halbjahr 2005/2006 -------------------------------------------------------------------------------- Ad hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- 29.06.2006 Aschheim, 29. Juni 2006 - Die ESCADA AG hat im ersten Halbjahr des Geschäftsjahres 2005/2006 (Bilanzstichtag: 31. Oktober) eine positive Geschäftsentwicklung im Rahmen der Erwartungen verzeichnet. Der Konzernumsatz des Herstellers von Luxusdamenmode stieg um 6,2 % von 312,6 mehr...

Mehr zu dem Thema Finanzen

Der meistgelesene Artikel zu dem Thema:

Century Casinos wurde in Russell 2000 Index aufgenommen

durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Exzellent
Sehr gut
gut
normal
schlecht