Showing posts with label Wacker. Show all posts
Showing posts with label Wacker. Show all posts

Saturday, July 9, 2011

Wacker Commissions Silicone Rubber Compounding Plant in India

 The Munich-based chemical group Wacker has commissioned a compounding plant at its joint venture site Wacker Metroark Chemicals Pvt. Ltd. near Kolkata, India, for the manufacture of ready-to-use silicone elastomers. The plant is designed for an annual production volume of several thousand metric tons and can be expanded in stages as demand requires. It is intended to supply India’s strongly growing economy with high-quality silicone compounds faster and more flexibly. Several million euros are planned for investment in this plant.


“India is one of our fastest-growing sales markets,” says Dr. Bernd Pachaly, head of Wacker’s Engineering Silicones business unit. “The new SILMIX® facility is constructed according to Wacker standards and will produce silicone compounds for the Indian electronics, automotive and medium and high-voltage insulator market as well as for other industries.” During the start-up event in Kolkata, Pachaly’s deputy Dr. Johann Schuster pointed out that Wacker is one of the leading manufacturers of silicone elastomers for electric insulators. “By manufacturing such products locally, we can serve the market much more flexibly and significantly reduce lead times while still delivering the expected high product quality.” The SILMIX® plant has been designed so that production capacity can be adjusted to meet current market requirements in a short period of time. Schuster: “If necessary, we can respond very quickly to additional demand.”


Soumitra Mukherjee, Managing Director of Wacker Metroark Chemicals (WMC), praised the investment as an important milestone for the joint venture. “Wacker and Metroark have been working together with great success for over a decade. With our range of high quality silicone products, we are already market leaders in many industries in India today.” Mukherjee pointed out that the plant includes a state-of-the-art lab for quality control. With its new compounding plant in Kolkata, WACKER is excellently positioned. “This way it is possible to test and develop high quality silicone compounds for the Indian market in India itself,” emphasized Mukherjee. “This is a major competitive advantage for our customers, who are often under great pressure to deliver quality on time.”


For the manufacture of silicone compounds, the crosslinker, pigment and other additives are usually mixed into the rubber base. Blends such as these are used in a number of industries, including the automotive sector, the electrical industry and the heavy current industry.


 

Saturday, May 28, 2011

Following a Strong First Quarter, Wacker Expects Further Growth

Following a strong first quarter, Wacker Chemie AG expects further sales and earnings gains for full-year 2011. Rudolf Staudigl, CEO of the Munich-based chemical company, underscored this point at Wacker’s 2011 Annual Shareholders’ Meeting. “Wacker is poised for further growth,” he said. Staudigl reaffirmed the full-year forecast and said that sales should cross the €5-billion mark, and earnings before interest, taxes, depreciation and amortization (EBITDA) should exceed 2010’s €1.19 billion level.


Of 2010’s Group net income of €497.0 million (2009: €-74.5 million), Wacker is paying out a total of €159.0 million (2009: €59.6 million) to its shareholders. The dividend per dividend-entitled share is €3.20 (2009: €1.20). The Executive and Supervisory Boards’ other proposals were also adopted by large majorities.


Following a very good fiscal 2010, Wacker further increased both sales and earnings in Q1 2011. Sales at the Munich-based chemicals Group climbed 21 percent to €1.29 billion from January through March 2011 (Q1 2010: €1.07 billion) – primarily due to higher sales volumes. A positive market environment and strong customer demand fueled Wacker’s continued business growth. The sales gain was additionally supported by higher prices in some key product segments. EBITDA achieved even stronger growth, climbing to €351.0 million in Q1 2011 (Q1 2010: €253.7 million), up 38 percent.


“After a short lull, Wacker has resumed its growth trajectory,” said CEO Rudolf Staudigl, addressing the company’s shareholders in Munich on Wednesday. “The broad economic recovery, spanning every industry, contributed substantially to our strong performance last year. Other factors were just as important, though. When demand slumped in 2009, we neither questioned our strategic course, nor did we abandon our sound core financial policies,” the CEO underscored. According to Staudigl, the Group will continue its efforts this year to enhance cost structures, processes and competitiveness. He added that Wacker was optimistic about the future in light of steady strong customer demand.