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Wacker Chemie

German researchers identify source of impurities in multicrystalline silicon

Scientists from Fraunhofer IISB, Wacker Chemie and Alzchem say unwelcome metals enter the silicon primarily through coating of the quartz crucible. The finding could enable manufacturers to make predictions about the quality of silicon blocks.

Wacker CEO hits out at Chinese rivals

Rudolf Staudigl highlighted polysilicon manufacturing overcapacity among Chinese competitors as he announced Covid-19-battered second-quarter figures for the Munich-based chemicals conglomerate.

German polysilicon maker will cut 1,000 jobs

Wacker Chemie has taken the first steps of its restructuring program with the lay-offs set to particularly affect its German locations. Poor performance by the chemical company’s polysilicon business is the main cause of the crisis.

SolarPower Europe’s industrial strategy is almost ready

At the Solar Power Summit in Brussels today, the industry group said it is preparing to launch a supply-side oriented industrial policy for the PV sector in Europe. The manufacturing sector on the continent has been hard hit since 2012, and has been buffeted by a range of unfavorable policy decisions.

Wacker expects profits to be hit by falling polysilicon prices

The German poly manufacturer expects to increase sales in the current financial year, however EBITDA is expected to be down as much as 20% as average prices for polysilicon will continue to decline.

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Wacker Chemie reaches agreement with Yingli over poly supply deals

If the German polysilicon manufacturer is the ‘Supplier A’ referred to in the Chinese panel maker’s annual report, Wacker has negotiated a near $33 million settlement from arbitration. As part of the settlement, Wacker will continue to supply its counterpart with poly up to 2028.

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China shakes PV world

The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.

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Wacker to restart US polysilicon production

Wacker Chemie AG has said it is gradually ramping up production at its beleaguered U.S. polysilicon production site, with product expected to be again available in Q2. The shutdown has affected its Q1 earnings, with sales down 18% compared to a year ago.

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Wacker Chemie raises 2017 expectations to €1 billion EBITDA

German chemical supplier has raised its financial outlook for the year for the second time in three months, on the back of a strong third quarter. The company is now forecasting a full year EBITDA (earnings before interest, tax, depreciation and amortization) of €1 billion.

Wacker reports further drop for polysilicon prices

Wacker’s polysilicon division saw its sales decrease in the second quarter, despite the group’s turnover growth.

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