WACKER Realizes Double-Digit Growth in Greater China in 2014
SHANGHAI – WACKER, the Munich-based chemical group, posted annual sales of €1.22 billion in Greater China in 2014, indicating an increase of 14 percent compared with that of the previous year (€1.07 billion in 2013). The achievement was attributed to the overall macro-economic development of China and WACKER’s continuous investment in downstream facilities and research and development (R&D) in the country. WACKER expects to generate future growth in the region by further strengthening its innovation capabilities to offer tailor-made solutions for local market segments.
All five business divisions at WACKER realized growth in Greater China, contributing to the double-digit increase. Both Siltronic and the polysilicon business performed strongly with higher sales volumes due to flourishing market demand. As for chemical products, vinyl acetate-ethylene copolymer (VAE) dispersions and silicone elastomers delivered the best results. Technical innovation and newly developed products for the Chinese market significantly contributed to the growth of VAE dispersion operations. Thanks to China’s continuous investment in infrastructure and WACKER’s strength in specialty products, the silicone elastomer business grew rapidly in technology-intensive sectors, including high-speed trains, electronics, power transmission and medical applications.