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Wacker

Wacker’s results affected by low polysilicon prices

The Munich company hopes the PV market will pick up in the second half, driven by demand in China. Wacker Chemie also expects rising prices for polysilicon.

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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Daqo relentlessly increases polysilicon output

Chinese polysilicon maker Daqo New Energy today announced it has raised its production capacity to 30,000 MT, with a further 5,000 to follow within six months, and 35,000 on top of that by the end of March 2020.

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Poor polysilicon performance affects Wacker’s Q3

Despite its chemical business performing strongly, Wacker Chemie AG’s Q3 2018 financials took a tumble, with polysilicon sales and EBITDA sharply declining. The blame has been laid on China’s PV policy change in May.

Wacker still waiting for expiry of minimum prices for polysilicon in China

The Munich-based chemical group believes that the Chinese Ministry of Commerce may make a decision at the end of October. Wacker’s U.S. plant is still in the start-up phase following a temporary shutdown due to an explosion.

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 reports €1.07 billion EBIDTA for 2017

The turnover of the Munich-based chemical company increased by 6%. The polysilicon business of Wacker Chemie also continued to increase last year; however, the production halt in the U.S. prevented even stronger growth.

Wacker reveals details on explosion at its US facility

Tennessee’s relevant safety authorities have submitted their report on the hydrogen explosion at the polysilicon plant of the German manufacturer in Charleston. They demand US$25,400 in fines from Wacker Chemie for violations of various regulations. The manufacturer continues its efforts to resume production.

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Wacker’s US polysilicon factory still on hold

Following an explosion at a U.S. production facility in 2017, the German polysilicon producer is under investigation by local authorities. Wacker Chemie must now pay a fine of US$20,000 for failing to comply with certain regulations regarding the provision of personal protective equipment and employee safety during maintenance work prior to the accident.

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Wacker Chemie boosts 2017 sales volume by 6% Y-O-Y

German-headquartered polysilicon producer attains 2017 sales and earnings target, posting €4.92 billion in sales and net income of €885 million.

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