WACKER isn’t the biggest silicone manufacturer in the world, but executives maintain that their company is the best-positioned supplier to grow in key markets,
roll out innovative products and keep expanding due to its financial strength. Wacker provided an update on its results, activities and plans for the future during a recent two-day press
event that took reporters from its offices in Munich to its facility
in Burghausen, Germany.
Last year, corporate sales rose nearly 10% to € 5. 3 billion ($6.0
billion at current exchange rates), driven by higher volumes as
well as a strong US dollar. Net income increased 24% to €242
“Once again, last year highlighted the above-average growth
potential of our chemical activities,” explained Rudolf Staudigl,
president and CEO.“In contrast to the German chemical industry
as a whole, we actually grew substantially.”
According to Staudigl, overall German chemical sales were
flat at €190 billion ($216.3 billion). In contrast, Wacker’s sales
were higher in all five divisions. More specifically, sales within the
silicone division rose 12% to more
than €1.9 billion ($2.1 billion).
“Growing demand in emerg-ing-market economies is fueled
by advanced personal care products which contain silicones,” he
To keep momentum growing,
Staudigl noted that more than
10% of chemical sales come from
products that did not exist 10
years ago, adding that Wacker’s
chemical business is a key component of the company’s success.