Ad-hoc Disclosure - Wacker Chemie AG


Ad-hoc Disclosure

Ad-hoc disclosure of December 9, 2010

Munich, Dec 09, 2010

Ad-Hoc Disclosure according to Sec. 15 WpHG (German Securities Trading Act) of Dec. 9, 2010

Wacker Chemie AG / Strategic Corporate Decisions / Production Capacity Expansion

WACKER builds new Polysilicon production facility in the USA

Munich, December 9, 2010 – Wacker Chemie AG will build a new and fully integrated polysilicon-production site near the city of Cleveland, Tennessee (USA). The Munich-based chemical company announced the decision today. With an annual capacity of 15,000 metric tons, the production complex will be built on a property acquired by WACKER early last year. In Cleveland, WACKER will build facilities that are based on closed-loop material recycling for the entire polysilicon-production supply chain. This spans from the production of trichlorosilane feedstock and deposition of hyperpure silicon through to facilities to recycle resultant by-products and auxiliary materials. The new site’s completion is expected at the end of 2013. The Group has budgeted investments of some €1.1 billion for this expansion of its production capacities. As a result, around 650 new jobs are expected to be created in Cleveland.

This investment decision will enable WACKER to meet the accelerating global demand it expects for hyperpure polycrystalline silicon. For coming years, WACKER anticipates continued double-digit annual growth in polysilicon demand by the solar-industry. The company likewise expects higher polysilicon demand from the electronics sector.

With a production output of some 30,000 metric tons in 2010, WACKER is the world’s second-largest producer of hyperpure polycrystalline silicon. WACKER’s polysilicon production currently under construction in Nünchritz (Germany) and the new capacities at its Tennessee site are reinforcing the Group’s position as a leading manufacturer of high-quality semiconductor and solar silicon.

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.