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EANS-News: WACKER Expands Polymer Site in China and Builds two new Production Facilities

Geschrieben am 05-03-2012

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Company Information

Subtitle: - Around €40 million investment at integrated production
site in Nanjing - Doubling of dispersion capacity to 120,000 metric
tons per year - New plant for polyvinyl acetat solid resins -
Executive Board Member Auguste Willems: “This investment will
strengthen our position as one of the world’s leading manufacturers
of polymer dispersions and gumbase resin”

Munich (euro adhoc) - March 5, 2012 - Wacker Chemie AG is expanding
its Chinese polymer activities by investing around EUR40 million in
building two new production facilities at its Nanjing site. As
announced by the Munich-based chemical group today, it is expanding
the site´s existing facilities for vinyl acetate-ethylene copolymer
(VAE) dispersions by adding a new reactor with an annual capacity of
60,000 metric tons. This measure will double Nanjing´s VAE dispersion
capacity to ap-prox. 120,000 metric tons per year, making the complex
one of the biggest of its kind in China. The new reactor is scheduled
to come on stream in mid-2013. At Nanjing, WACKER is also building a
new plant to produce polyvinyl acetate (PVAc) solid resins with an
annual capacity of 20,000 metric tons. This plant is due for
completion in early 2013.

The new production facilities will give WACKER sufficient long-term
capacity to meet the strong demand for VAE dispersions and PVAc solid
resins in the Asia-Pacific region. As a result, it will be able to
continue offering its customers there consistently high delivery
reliability and product quality in the years ahead. The main
application fields for VAE dispersions lie in construction, coatings
and adhesives. PVAc solid resins are used in industrial applications
and to manufacture gumbase.

"These expansion measures are necessary to keep pace with our
customers´ robust demand for top-class VAE dispersions and
high-quality polyvinyl acetate solid resins in the future," explains
Auguste Willems of Wacker Chemie AG´s Executive Board. "By expanding
our integrated site in Nanjing, we will strengthen our position as
one of the world´s leading manufacturers of polymer dispersions and
gumbase resin."

WACKER´s fully integrated plant at Nanjing already produces 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 its transport
and logistical efficiency.

This press release contains forward-looking statements based on
assumptions and estimates of WACKER´s Executive Board. Although we
assume the expectations in these forward­looking 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
forward­looking statements, nor does it assume the obligation to do
so.

Further inquiry note:
Christof Bachmair
Media Relations & Information
Tel.: +49 (0)89 6279 1830
E-Mail: christof.bachmair@wacker.com

end of announcement euro adhoc
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company: Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München
phone: +49 (0) 89 6279 01
FAX: +49 (0) 89 6279 1770
mail: info@wacker.com
WWW: http://www.wacker.com
sector: Chemicals
ISIN: DE000WCH8881
indexes: MDAX, CDAX, Prime All Share
stockmarkets: free trade: Hannover, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing: Berlin, regulated dealing/prime standard:
Frankfurt
language: English


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