Ad-hoc Disclosure - Wacker Chemie AG


Ad-hoc Disclosure

Ad-hoc disclosure of June 7, 2010

Munich, Jun 07, 2010

Ad hoc disclosure according to Sec. 15 WpHG (German Securities Trading Act) of June 7, 2010

Wacker Chemie AG / Strategic Decisions / Acquisitions

WACKER Acquires Silicon-Metal Production Site in Norway

Wacker Chemie AG is acquiring the Norwegian FESIL Group’s silicon-metal production site in Holla (near Trondheim). The two companies signed a purchase agreement to this effect on Friday night, June 4, 2010. The transaction still requires approval of WACKER’s supervisory board and FESIL’s board of directors as well as clearance by the antitrust authorities. Closing of the transaction is expected before the end of Q3 2010.

For WACKER, this acquisition is a key step in securing its long-term supply of silicon metal at stable prices. Silicon metal is one of WACKER’s most important raw materials and is needed for the production of silicones and hyperpure polysilicon. Holla Metall’s production capacity is around 50,000 metric tons of silicon metal per year, which corresponds to about one third of WACKER’s current annual needs.

Under the terms of the transaction, WACKER takes over all of FESIL’s production facilities in Holla, including the related real estate. The Munich-based chemical company intends to continue employing the site’s existing workforce of some 140.

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.