Munich, May 7, 2015 – Wacker Chemie AG and a solarsector customer have agreed to terminate their contractual and delivery relationships. The terms of the agreement reached today include WACKER’s retention of advance payments received. The agreement also stipulates that WACKER will receive compensatory payments from this customer.
Accordingly, WACKER’s financial statements for Q2 2015 will recognize special income, which is expected to increase EBIT (earnings before interest and taxes) of WACKER POLYSILICON and of the Group by some €78 million. For competitive reasons, WACKER is not disclosing any other details of the terminated contract.
This press release contains forwardlooking 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 forwardlooking 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.
For further information, please contact:
Wacker Chemie AG
Media Relations & Information Christof Bachmair
Tel. +49 89 62791830
Fax +49 89 62791239 firstname.lastname@example.org
The company in brief:
WACKER is a globallyactive chemical company with some 16,700 employees and annual sales of around €4.83 billion (2014).
WACKER has a global network of 25 production sites, 21 technical competence centers and 48 sales offices.
Silicone fluids, emulsions, rubber and resins; silanes; pyrogenic silicas; thermoplastic silicone elastomers
Polyvinyl acetates and vinyl acetate copolymers in the form of dispersible polymer powders, dispersions, solid resins and
solutions used as binders for construction chemicals, paints and coatings, adhesives, plasters, textiles and nonwovens, as well as for polymeric materials based on renewable resources
Biotech products such as cyclodextrins, cysteine and biologics, as well as fine chemicals and PVAc solid resins
Polysilicon for the semiconductor and photovoltaic industries
Hyperpure silicon wafers and monocrystals for semiconductor components
Clariants new Dispersogen® Flex 100 now the only choice for superior and sustainable pigment preparations
DSM Engineering Materials launches 100 Percentage bio-based Stanyl® with halved carbon footprint and same high performance to empower customer sustainability
Unique value chain collaboration Design4Circularity achieves first circular cosmetics packaging concept
The new Heubach Group, a global provider of comprehensive color solutions, is expanding its well-known Colanyl 500 pigment preparations range with Colanyl Orange H5GD 500 to better illustrate brilliant orange color shades. The new addition to the portfolio makes customers’ lives easier when facing challenges with the stability of Pigment Orange 62 in waterborne applications. Read More
Clariant, a leading global provider of specialty chemicals, has launched its first universal polymeric dispersing agent for high quality pigment preparations that can incorporate organic and inorganic pigments and can be used for all types of water-based paint systems. In addition, waterborne pigment preparations with Dispersogen Flex 100 can also be compatible with solvent-borne base paint systems. Read More
DSM Engineering Materials announces the launch of a new, more sustainable version of its flagship product Stanyl®: Stanyl® B-MB (Bio-based Mass Balanced), with up to 100% bio-based content. Using the maximum possible levels of biomass-waste feedstock, it enables DSM Engineering Materials to halve the carbon footprint of this product line and, in turn, of the Stanyl® B-MB-based products of its customers. This industry-first launch of a 100% bio-based high-temperature polyamide underlines the busi Read More
Clariant now offers a natural-derived, readily biodegradable opacifier to support Personal Care formulators in minimizing the impact of shampoos, conditioners, handwashes and other rinse-off shower and bath products on marine and river life. New Plantasens OP 95 is a microplastic-free option which delivers powerful opacifying performance even at low concentrations, for a creamy white appearance with luxurious, caring consumer appeal for shampoos and liquid soaps. Read More
Moving circular plastic packaging forward. In a first and unique collaboration for the Personal Care industry, Clariant, Siegwerk, Borealis, and Beiersdorf are combining expertise to tackle the challenge of creating recyclable consumer packaging, based on 100% retrieved plastic packaging waste, for cosmetics applications. The pioneering initiative, named "Design4Circularity", is providing innovations and insights for the different design aspects to encourage others to also follow design for circ Read More