|Rudolf Staudigl (CEO and chairman of the executive board), Peter-Alexander Wacker (Chairman of the supervisory board)|
|Products||Silicon for the semiconductor industry, silane, silicones, polymers, polycrystalline silicon, fine chemicals, biotechnology|
|Revenue||EUR4,978.8 million (2018)|
|EUR389.6 million (2018)|
|EUR260.1 million (2018)|
|EUR7,118.7 million (end 2018)|
|EUR3,145.5 million (end 2018)|
Number of employees
|14,542 (end 2018)|
Wacker Chemie AG is a German multinational chemical company which was founded in 1914 by Alexander Wacker. The company is controlled by the Wacker family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas.
The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for the semiconductor industry. The company sells its products in more than 100 countries. As of 31 December 2015, 16,972 employees have been with Wacker. Corporate annual sales in 2015 were about 5,3 billion Euros, up 10% compared to 2014.
Wacker Chemie AG - divided into 5 divisions - derives most of its products from two main raw materials: silicon and ethylene. Siltronic supplies the semi-conductor market with wafers. Wacker Polysilicon produces hyper-pure polysilicon for use in electronic and solar wafers. Wacker Silicones serves end markets like construction, automobile, paints, textiles, and paper. Starting from ethylene, Wacker Polymers serves mainly the construction industry with redispersible powders and several other industries with dispersions. Wacker Biosolutions focuses on using bio-technological processes to serve its customers. Wacker Polymers, a division of Wacker Chemie AG has appointed Peter Summo (48) as its next president, effective 1 October. Summo previously headed the engineering silicones business unit at Wacker Silicones. He is succeeding Arno von der Eltz, who is retiring on this date.
In early 2009 Wacker announced plans to construct a new solar-grade polysilicon production facility in Charleston, a small city in Bradley County, Tennessee. Groundbreaking occurred on April 8, 2011, and the plant became operational in April 2016, costing approximately US$2.5 billion and making it the largest-ever single private investment in the state of Tennessee. In June 2017, a US$150 million secondary expansion was announced that would allow the plant to manufacture pyrogenic silica. This expansion was completed in October 2019, adding 50 new jobs to the plant.
On September 7, 2017, a massive explosion in the plant's hydrogen recovery unit resulted in the release of a steam cloud which could be seen for several miles, as well as the environmental release of low-concentration hydrochloric acid. Due to initial concerns about the composition of the cloud, local officials closed a section of I-75 between nearby Cleveland and Calhoun, as well as nearby State Route 308 in Charleston. During the event, seven local residents, and a plant worker were transported to a local hospital with unspecified injuries. A firefighter and four sheriff's deputies were also treated for heat-related symptoms and later released. The following day, officials from TOSHA announced a temporary shutdown of the plant pending investigation. Five days later, an environmental sensor detected elevated levels of an unnamed substance prompting a shelter-in-place order for emergency workers involved in cleanup efforts within the facility.
During the explosion event, local officials instructed residents to shelter indoors with their windows closed and HVAC systems turned off. Nearby residents complained of respiratory distress, as well as an odd taste in their mouths. This led to speculation in both local and social media that the cloud contained high-concentration hydrochloric acid, despite media reports to the contrary. For the week following the event, there was little-to-no communication from Wacker management or government officials, resulting in further speculation about hazardous chemicals being released into the environment. Wacker management later issued a full-page letter stating that no hazardous chemicals were released. One and a half weeks later, Bradley County Emergency Management Agency Director Troy Spence held a press-conference attempting to allay fears, and urging residents to sign up for the county's non-emergency text-messaging service.
At the end of 2007, Wacker took over vinyl acetate/ethylene operations from Air Products Polymers. Consequently, it took full ownership of the activities in Allentown, Pennsylvania, and Calvert City, Kentucky.
The regions which Wacker has distributors and sale offices are as below:
Wacker has many production sites across the world in the Americas, Europe, and Asia. There are directly 13,500 employees in these continents which work for Wacker productions network.