Watson-Marlow Fluid Technology Group wins Best Business Award

Watson-Marlow Fluid Technology Group (WMFTG) is delighted to announce it has been named winner of the Best Employer category at the 2021 Best Business Awards(BBAs). WMFTG has always strived to be a desirable place to work, and its teams work tirelessly to create innovative strategies to ensure ...

KRAHN Chemie further strengthens presence in Europe by acquiring companies based in Sweden, Great Britain and Spain

The KRAHN Chemie Group, which is part of the globally operating Otto Krahn Group, has acquired majority stakes in six companies from Jollis AB & Partners. “The acquisitions further expand our cooperation with existing top producers geographically but offer interesting new opportunities as well. ...

WACKER achieves strong sales growth in Q3 2022 and confirms full-year forecast

Full-year forecast confirmed in the upper half of the range

Wacker Chemie AG finished Q3 2022 with significant sales growth. From July through September, the Munich-based chemical company generated sales of €2,132.2 million. That was 29 percent higher than in the same period last year (€1,658.6 million). Relative to a quarter earlier (€2,174.2 million), ...

POWTECH 22: Strong comeback for the meeting place for process engineering

Huge joy at getting back together in the halls of the Nuremberg Exhibition Centre: POWTECH, Europe's leading trade fair for powders and bulk solids, brought delight to exhibitors and trade visitors after the enforced break due to Corona. There were around 9,000 trade visitors, increasingly coming ...

OQ Chemicals Launches Cost-Cutting Program and Organizational Realignment in Germany

“We will take all necessary steps to make the reorganization socially responsible and preserve as many jobs as possible“

As one of the world's leading manufacturers of oxo chemicals, OQChemicals faces the challenges of high raw material and energy prices, as well as inflation rates, particularly in Europe. To maintain its competitiveness in the rapidly changing economic and geopolitical environment of today, the ...

Targets for 2030: WACKER Accelerates Growth with High Profitability

Growth will double, sales should exceed €10 billion

At the Capital Market Day in London, Wacker Chemie AG presents its new strategic growth targets. By 2030, the company aims to lift sales significantly while keeping profitability high. The annual sales growth rate – the result of higher volumes and a better product mix – should reach between 1.5 ...

WACKER ends 2022 with new highs for sales and earnings

The polysilicon business performed particularly well

Wacker Chemie AG set new sales and earnings records in 2022. According to preliminary figures, the Munich-based chemical Group’s sales came in at €8.21 billion last year, an increase of 32 percent over 2021 (€6.21 billion). Higher selling prices were the main factor in this year-over-year growth. ...

Weak Demand in Chemical Business Impacts WACKER’s Sales and Earnings Growth in Q2 2023

Wacker Chemie AG saw its sales and earnings decline in the second quarter of 2023 due to the persistently difficult market environment. The Munich-based chemical company generated sales of €1.75 billion in the reporting quarter (Q2 2022: €2.17 billion), down 19 percent. This decrease was chiefly ...

WACKER lowers annual forecast

Preliminary figures for Q2 2023

Wacker Chemie AG published its preliminary figures for Q2 2023. The company now expects to post second-quarter Group sales of €1.75 billion. EBITDA amounts to €255 million. Based on current estimations, WACKER has modified its forecast for 2023. Accordingly, the company expects that Group sales ...

WACKER Launches Production of Pyrogenic Silica in the US

The Munich-based WACKER Group officially brought a plant for manufacturing pyrogenic silica on stream at its US site in Charleston, Tennessee. The facility has an annual production capacity of 13,000 metric tons. WACKER will use this output both for sales purposes and for its own silicone ...