Our solutions make a better world for generations
As an innovative chemical company, WACKER makes a vital contribution to improving the quality of life around the world. We want to continue developing and supplying solutions that meet our own expectations – namely to add value for our customers and shareholders, and to achieve sustainable growth.
Our Five Strategic Goals
We presented WACKER’s strategic goals for 2030 at a Capital Market Day in London on March 29, 2022.
1. We are accelerating our growth
In the future, sales growth – the result of higher volumes and a better product mix – should reach between 1.5 and twice the historic rate of 4 to 5 percent per year. We want sales to exceed €10 billion in 2030.
2. We are enhancing our profitability
Chemical-division EBITDA margins are expected to be above 20 percent by 2030, with the margin at WACKER BIOSOLUTIONS anticipated to exceed 25 percent. WACKER POLYSILICON’s target margin is above 30 percent. Return on capital employed (ROCE) should rise to more than twice the cost of capital in the chemical divisions and at WACKER POLYSILICON by 2030. ROCE at WACKER BIOSOLUTIONS should be well above the cost of capital.
3. We are increasing our capital expenditures
We are increasingly investing in capacity expansion to meet strong demand from our customers. We are consistently pursuing our specialties strategy in the chemical divisions by doubling capital expenditures to more than €400 million per year. We are continuing to intensify expansion of our biotechnology activities and will be investing more than €80 million a year in this field. The focus of our polysilicon business will be on semiconductor applications, and we are planning to invest €100 million per year here.
4. We are focused on sustainability as a powerful driver of future growth
Thanks to our products and solutions, we help customers become more sustainable. More than two-thirds of our product portfolio already contributes to sustainable solutions. Increasing demand in this area is creating additional growth opportunities, which we intend to leverage effectively.
5. We are systematically working on our own sustainability
We have defined specific sustainable development goals for WACKER for the period until 2030. Our main aim is to halve our absolute greenhouse gas emissions by 2030. We aim to achieve net zero by 2045.
Our Overriding Goals
WACKER products and solutions are our customers’ first choice.
All of our activities focus on our customers’ needs. Satisfied customers are the basis of our success.
We are constantly working on enhancing our product quality and improving our services. The better we succeed at this, the more we can grow with our customers, deepen our understanding of their needs and provide them with higher added value.
To achieve this, WACKER focuses on direct contact and on exchanging information personally. Through our technical competence centers and the WACKER ACADEMY, we work closely with customers to develop tailored solutions. Our strength lies in our long-term relationships, based on trust, with the people in our markets.
We want to be one of the best employers.
Our employees’ health and safety are our greatest assets.
At WACKER, the success we achieve together is based on a supportive and challenging environment. We ensure that our employees can develop their skills, realize their potential, assume responsibility, take initiative and contribute their own ideas by offering them basic and advanced training opportunities. What we expect is a performance-oriented mindset, coupled with sound professional and social skills.
To this end, we want to provide secure jobs, exceptional employee benefits and a work culture that facilitates a positive work-life balance. Clearly focused on commercial success, we value teamwork that is based on mutual reliance, trust and fairness.
We tap new markets via product and process innovations for tomorrow’s world.
We develop products that are vital for tomorrow’s world. That’s why we invest in research and development. Our innovative strength is reflected in the high sales percentage of new products.
We are skilled at transferring newly developed production processes to globally competitive manufacturing plants. At WACKER, innovation also means “making what is good even better.” Our “Wacker Operating System” (WOS) program aims at systematically optimizing our processes. Employees receive the necessary training at our own WOS academies.
As the quality and cost leader in many of our business sectors, we realize that “becoming better is a never-ending process.”
We continuously increase our company’s value.
WACKER sees itself as a performance-oriented company, geared toward increasing its long-term value. Economic success is essential for pursuing and achieving our strategic goals.
Our annual sales should grow more than world GNP. We want to be among the most profitable companies in our industry. This is why value-based management is an integral part of our corporate policies. We measure our success against clearly defined indicators and continuously focus on earning more than our cost of capital.
We want to be among the top three suppliers in each of our business sectors. To this end, we always strive to increase our competitive edge – in cost, quality and technology.
Our responsibility as a company extends beyond our business activities.
Our commitment to sustainability encompasses ecological, economic and social aspects. Our actions are guided by the underlying principles of the UN’s Global Compact and the chemical industry’s Responsible Care® initiative.
Our products, technologies and processes meet the highest standards. For years, sustainability has been an integral part of WACKER’s production and business processes. One of our greatest strengths is our closed material loops, where we use byproducts from one production stage as starting materials for making other products. This reduces our consumption of energy and other resources.
Driven by our deeply rooted values, we take on social responsibility. We pursue this commitment near our sites and wherever people are in need around the world.
Society’s trust in our actions is an essential component of our long-term economic success.