Ad-hoc Disclosure - Wacker Chemie AG


Ad-hoc Disclosure

Ad-hoc disclosure of October 17, 2008

Munich, Oct 17, 2008

Ad hoc disclosure according to Sec. 15 WpHG (German Securities Trading Act) of October 17, 2008

Wacker Chemie AG / Strategic Corporate Decisions / Production Capacity Expansion

WACKER to build new Production Plant for Polysilicon in Nünchritz

Wacker Chemie AG plans to construct a new polysilicon production plant at its Nünchritz site (Saxony, Germany) with a nominal annual capacity of 10,000 metric tons. In its meeting today, the company’s Supervisory Board has taken a decision to this end. The first batch of polysilicon from this “capacity expansion phase 9” project is scheduled for Q1 2011. The new plant is expected to achieve full capacity by the end of 2011. WACKER has budgeted some €760 million for the project. The company has additionally decided to raise the nominal annual capacity planned for Burghausen’s “expansion phase 8” (currently under construction) from 7,000 to 10,000 metric tons. Thanks to these and other ongoing expansion measures, WACKER’s polysilicon capacity by year-end 2011 will reach 35,500 metric tons annually.

This output expansion will enable WACKER to meet the accelerating global demand it expects for hyperpure polycrystalline silicon. Already the world’s second-largest polysilicon producer, the company intends to reinforce and extend its market position in this sector. For coming years, WACKER anticipates continued double-digit annual growth in polysilicon demand by the solar industry. The company likewise expects higher polysilicon demand by the electronics industry.

Contact

Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München

Jörg Hoffmann
Tel. +49 89 6279-1633
Email

Additional Information

ISIN: DE000WCH8881
WKN: WCH888
Deutsche Boerse: WCH
Ticker Bloomberg CHM/WCK.GR
Ticker Reuters CHE/WCHG.DE
Listing: Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), Official Market (Prime Standard)

Disclaimer:

This ad hoc-release contains forward looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward looking statements, nor does it assume an obligation to do so.