News

WACKER is the recipient of a long-term European Investment Bank (EIB) loan in excess of €400 million to finance its new polysilicon production facility in Nünchritz, Germany. In total, WACKER plans to invest around €800 million in the new facility, which is expected to create 450 new jobs. “The EIB’s loan approval is a key component in our financing plan for this strategic growth project,” said WACKER CFO Dr. Joachim Rauhut.

The new polysilicon facility has an annual nominal capacity of 10,000 metric tons and should be in operation by 2011. With the ongoing expansion measures at the Nünchritz and Burghausen sites, WACKER’s polysilicon capacity will reach 35,500 tons annually compared to today’s 15,000 tons.

This will enable the company to meet the solar-sector’s rising demand for polysilicon. Experts are predicting continued double-digit annual growth in this area over the coming years.