Wacker sees rays for poly-producers

Germany’s Wacker Chemie saw its fourth-quarter profits dragged down by its big polysilicon operation, but says there are some rays of hope that the tide is turning.

Wacker’s Polysilicon division saw Q4 2012 profits fall by 53% to €78m ($105m) before interest, tax depreciation and amortisation, compared to 2011’s same quarter.

Like other producers of the key solar raw-material, it has been battered by price falls and inventory gluts higher up the supply chain.

Releasing preliminary figures for the quarter, Wacker Chemie CEO Rudolf Staudigl says: “Price pressure, high inventory levels and the difficult financial situation of many market players clearly left their mark on 2012.”

But he adds: “Recent weeks have provided encouraging signals indicating additional photovoltaic expansion, especially in China and the US.

“That could result not only…

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