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Wacker upbeat about solar market in 2011: report

FRANKFURT (Reuters) - German silicon specialist Wacker Chemie does not expect the market for solar equipment to shrink next year as growth in Asia and the United States will offset a downturn in Germany, its CEO told a Sunday newspaper.

Wacker, the world’s second-largest maker of polysilicon materials for solar cells after Hemlock Semiconductor, expects “high margins” to prevail at its polysilicon unit, Chief Executive Rudolf Staudigl told Euro am Sonntag in an interview.

“Our (polysilicon) production for 2011 and 2012 is already all but sold, the same goes for parts of the 2013 production,” Staudigl said. “This makes us very confident.”

Reporting by Ludwig Burger

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