Strong Q4 for Wacker Polysilicon
Germany’s Wacker Chemie enjoyed strong polysilicon sales at the end of 2013 as it reaped the benefits of surging demand for PV products in Asia.
The Munich-based chemical group said sales at Wacker Polysilicon were €250m ($338m) in the fourth quarter, 17% up on the same period in 2012, while prices held steady.
As an EU producer, Wacker is in the clear from anti-dumping tariffs imposed by the Chinese on US polysilicon suppliers.
The polysilicon upswing helped Wacker to a better-than-expected Q4 profit of €158m before interest, tax, depreciation and amortisation, 18% higher than a year earlier.
Wacker’s full-year net profit slumped to €6m from a year-earlier €115m under the pressure of a year of low polysilicon and semiconductor wafer prices.