Wacker HQ in Germany
Wacker Chemie AG
Hard going for poly-giant Wacker
31 October 2013 10:55 GMT
By Andrew Lee in London
Thursday, February 06 2014
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.
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