EANS-News: WACKER acquires silicon-metal production site in Norway

- WACKER ACQUIRES HOLLA SILICON SITE FROM NORWAY’S FESIL GROUP FOR
AROUND €65 MILLION
- TRANSACTION AWAITS SUPERVISORY BOARD AND
ANTITRUST AUTHORITY APPROVAL
- ACQUISITION IS A KEY COMPONENT IN
SECURING WACKER’S RAW-MATERIAL SUPPLY
- PRODUCTION CAPACITY OF SOME
50,000 METRIC TONS PER YEAR COVERS ABOUT ONE THIRD OF WACKER’S ANNUAL
SILICON-METAL NEEDS

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Company Information

Subtitle: - WACKER ACQUIRES HOLLA SILICON SITE FROM NORWAY’S FESIL
GROUP FOR AROUND €65 MILLION - TRANSACTION AWAITS SUPERVISORY BOARD
AND ANTITRUST AUTHORITY APPROVAL - ACQUISITION IS A KEY COMPONENT IN
SECURING WACKER’S RAW-MATERIAL SUPPLY - PRODUCTION CAPACITY OF SOME
50,000 METRIC TONS PER YEAR COVERS ABOUT ONE THIRD OF WACKER’S ANNUAL
SILICON-METAL NEEDS

Munich (euro adhoc) - June 7, 2010 - Wacker Chemie AG is acquiring
the Norwegian FESIL Group´s silicon-metal production site in Holla
(near Trondheim). The two companies signed a purchase agreement to
this effect on Friday night, June 4, 2010. The transaction still
requires approval of WACKER´s supervisory board and FESIL´s board of
directors as well as clearance by the antitrust authorities. Under
the terms of the transaction, WACKER takes over all of FESIL´s
production facilities in Holla, including the related real estate.
The Munich-based chemical company intends to continue employing the
site´s existing workforce of some 140. Closing of the transaction is
expected before the end of Q3 2010.

"This strategic acquisition is a key step in securing our long-term
supply of silicon metal," said Group CEO Rudolf Staudigl. "Acquiring
Holla makes us more independent of raw-material price fluctuations
and increases our supply security during peak-demand periods."

"This acquisition represents a strategic change, bringing the Holla
Silicon Metal plant into an integrated part of WACKER´s silicone
value chain", says Thorstein Abrahamsen, CEO of FESIL. "FESIL AS will
now focus its resources on ferrosilicon metal production and develop
its world wide ferroalloy trading as well as industrialize its
Solsilc Solar Grade Silicon Metal Process now at the pilot stage."

Silicon metal is one of WACKER´s most important raw materials and is
needed for the production of silicones and hyperpure polysilicon.
Holla Metall´s production capacity is around 50,000 metric tons of
silicon metal per year, which corresponds to about one third of
WACKER´s current annual needs.

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

Further inquiry note:

Christof Bachmair

Media Relations & Information

Tel.: +49 (0)89 6279 1830

E-Mail: christof.bachmair@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard