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Wacker Chemie Lowers Guidance For 2019
Wacker Chemie Acquires 25% Stake In UK Battery Materials Specialist Nexeon
Wacker Chemie Q2 Net Income Down 55.4% To EUR 37 Million
Wacker Chemie AG is a Germany-based manufacturer of specialty chemical products. It operates through four segments: Silicones, Polymers, Biosolutions and Polysilicon. The Silicones segments provides silane, silicone fluids, emulsions, elastomers, sealants and resins to pyrogenic silicas; the Polymers segment offers a range of polymeric binders and additives along with customized services; the Biosolutions segment serves the food, pharmaceutical, life science and agrochemical industries and produces fermenter cysteine and bioengineered cyclodextrins, among others, and the Polysilicon segment manufactures high-purity polysilicon for the solar technology and semiconductor-electronics industries.
Chemicals - Plastics & Rubber
Independent Chairman of the Supervisory Board
Chief Executive Officer, President, Member of the Executive Board
Deputy Chairman of the Board, Employee Representative
Member of the Executive Board
Member of the Executive Board
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German specialty chemicals maker Wacker Chemie on Thursday said it had bought a quarter in British battery materials maker Nexeon Ltd.
* Shares down 1.5 pct (Adds details on polysilicon market, shares)
German specialty chemicals maker Wacker Chemie on Tuesday said it expects its core profit to decline by up to a fifth this year, pointing to lower selling prices for polysilicon, which it supplies to the solar industry.
* SAYS OBTAINS FDA APPROVAL TO MANUFACTURE THE DRUG SUBSTANCE IN RETAVASE, A THROMBOLYSIS MEDICATION BY CHIESI Source text: https://www.wacker.com/cms/en/home/index.jsp Further company coverage:
Wacker Chemie will see a significant hit to volumes of polysilicon in the fourth quarter as a result of an outage at its plant in Charleston, Tennessee, following an explosion at the site last month, its chief financial officer said.
* Shares indicated 2.6 pct higher (Recasts, adds context on results, shares)
German specialty chemicals maker Wacker Chemie on Thursday raised its outlook for core earnings for the second time in three months, pointing to "markedly higher" demand as well as income from its stake in Siltronic.
German specialty chemicals group Wacker Chemie's <WCHG.DE> polysilicon plant in Charleston, Tennessee, is likely to remain out of commission for several months after an explosion this month, it said on Wednesday.
German specialty chemicals maker Wacker Chemie said on Wednesday it took in 352 million euros ($374 million) in gross proceeds by cutting its stake in silicon wafer group Siltronic to 30.8 percent from 51.8 percent.
* Ceo says affirms plans to reduce siltronic stake to minority in the long run
* Shares indicated 3.7 pct lower at bottom of MDAX (Adds share price indication, Q1 expectations)
Wacher Chemie <WCHG.DE> is in early talks with Chinese suitors interested in taking a stake in the German chemical group's silicon wafers unit Siltronic <WAFGn.DE>, three people familiar with the matter said.
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