Wacker Chemie’s Q2/2022 Financial Results
Wacker’s Q2/2022 Polysilicon Sales Went Up 61% YoY With Higher ASPs
Strong demand and high ASPs for solar-grade silicon led to Germany’s Wacker Chemie AG reporting 61% annual increase in polysilicon sales for Q2/2022, contributing over 26% of group sales even as higher energy and raw material prices pulled down its EBITDA by 5% sequentially.
Wacker: Silicon Metal Production Expansion Plans
Germany’s Wacker Chemie Planning To Expand Silicon Metal Production Capacity In Norway
German chemicals producer Wacker Chemie is conducting a feasibility study to start a new silicon melting furnace at its Norwegian site to expand its onsite silicon metal production capacity by around 50% which is used to roll out silicone and hyperpure polysilicon.
World’s Top 3 Largest Polysilicon Makers Are Chinese
Bernreuter Research Says High Time For West To Establish Non-Chinese Solar Supply Chains
The latest ranking of the world’s top 10 producers of polysilicon by Bernreuter Research sees 3 Chinese manufacturers—Tongwei, GCL Technology and Daqo New Energy—hogging the top spot while the sole European producer on the list, Wacker Chemie dropped down to the 4th spot.
Polysilicon Prices Push Up Wacker Chemie’s Q2/2021 EBITDA
High Volumes & Polysilicon Prices Lead Wacker Chemie’s EBITDA Growth & Group Sales Volumes In Q2/2021; Management Guides 2021 Group Sales At Around €5.5 Billion
Wacker Chemie’s polysilicon business has been performing well since the beginning of 2021, and for the remainder of the year it expects the positive trend in polysilicon prices and strong demand in the chemical divisions to continue.
Wacker Chemie’s Q1/2021 Polysilicon Sales Up 62% YoY
Strong Demand For Polysilicon & Higher ASP Help Germany’s Wacker Chemie Report 14% Annual Growth In Group Sales For Q1/2021
Strong demand for solar grade polysilicon and higher prices helped Wacker Chemie improve its Q1/2021 sales (€298 million) as well as EBITDA (€51 million) for the business segment, explained the management.
Meyer Burger Concludes Wafer Supply Agreements
Emphasizing On Made In Europe Tag For Its Solar Modules, Meyer Burger Signs Up Wafer Suppliers Using Wacker Chemie Polysilicon
Meyer Burger Technology Ltd., has roped in several unidentified wafer suppliers to provide their products for its soon to be launched high efficiency solar cells and modules.
Wacker’s 2020 Polysilicon Sales Up, But Group Sales Down
Wacker Chemie Returned To Profitability In 2020 With Polysilicon Sales Growing 2%; Citing Strong Demand For Polysilicon & Lower Production Costs, Company Guides For Q1/2021 Group EBITDA To Go Up Annually
After 2 ‘difficult’ years, German polysilicon and chemicals producer Wacker Chemie AG heaved a sigh of relief for its polysilicon business as net sales for this segment in 2020 grew 2% on annual basis. Wacker President and CEO Dr.
Wacker Announces CEO Rudolf Staudigl’s Successor
Executive Board Member Christian Hartel Announced Future President & CEO Of Wacker Chemie As Current CEO Rudolf Staudigl Approaches Retirement
To ensure long-term continuity in the management of the company, Wacker Chemie has announced the appointment of its future President and CEO, Christian Hartel (in the picture). He will replace current head of the company Rudolf Staudigl in May 2021.
Wacker Expects €630 Million Net Loss In 2019
Wacker Chemie Hit Hard By €760 Million Impairment Charge On Polysilicon; 2019 Preliminary Financials Show Net Loss Of €630 Million
German chemicals and polysilicon producer Wacker Chemie expects its earnings in 2019 to go down significantly due to around €760 million (836 million) impairment charge on polysilicon facilities that reduces its EBIT and net result, according to its preliminary results.
US Firms Want End To Chinese Tariffs On US Polysilicon
REC Silicon, Hemlock Semiconductor & Wacker Chemie Urge US Government To Include Chinese Tariffs On US Made Polysilicon In Ongoing Trade Talks With China & Extend Federal Solar Tax Credit
The US polysilicon industry is currently worth over $10 billion, pointed out the trio of HSC, Wacker and REC Silicon, while meeting the US House Manufacturing Caucus.
