Press Releases 2005

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Press Releases 2005Press Releases 2005

WACKER Looks Back on 25 Years in Australia

Munich/Melbourne, Sep 03, 2005

In Melbourne today, the German chemical Group WACKER celebrated the 25th anniversary of its Australian subsidiary. The establishment of Melbourne-based Wacker Chemicals Australia Pty. Ltd. in 1980 marked a major milestone of the Group’s expansion in Asia-Pacific. Right now, WACKER has some 1,500 employees in this growth region, achieving annual sales of more than EUR 560 million (AUD 890 million). Thus, Asia-pacific accounts for over 22 percent of consolidated sales and is the Group’s second-largest market after Europe. A network of more than 20 sales offices, seven Technical Centers and seven production sites provides a high level of customer proximity throughout the region. In Australia, WACKER has annual sales of some EUR 20 million (AUD 32 million).

In his address to some 250 customers and business partners, Group CEO Dr. Peter-Alexander Wacker underscored Australia’s potentials for the WACKER Group’s further growth: “In terms of economic policy and performance, Australia is a benchmark not only in the region, but also compared to Western Europe. With a GDP of around 600 billion US-Dollars, Australia is one of the top 20 national economies worldwide. This leaves plenty of room for us to grow our business in Australia into new dimensions.” Dr. Wacker continued by saying that advanced technologies developed by Australian companies and research institutions have substantial positive impact on the Group’s global business.
About WACKER
WACKER (www.wacker.com) is a globally operating chemical company headquartered in Munich, Germany. Its portfolio focuses on semiconductor technology, silicone chemistry, polymers and fine chemicals, as well as on polysilicon. In fiscal 2004, the WACKER Group posted sales of around EUR 2.5 billion, of which 80 percent were generated outside Germany. WACKER employs 14,700 people at about 20 production sites in Europe, the Americas and Asia, and some 100 sales offices worldwide. Founded in 1914 by Dr. Alexander Wacker, the WACKER Group is wholly owned by the WACKER family.
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Contact

Wacker Chemie AG
Press and Information
Christof Bachmair
Tel. +49 89 6279-1830
Fax +49 89 6279-1239
christof.bachmair@wacker.com