EANS-Adhoc: WACKER Closes Semiconductor Wafer Production in Japan
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Decommissioning of Production Capacities 08.12.2011 Munich, December 8, 2011 - Siltronic, Wacker Chemie AG's semiconductor division, intends to streamline its 200 mm wafer production capacities. As a result, Siltronic plans to close its production site in Hikari, Japan, by mid-2012. The Munich-based chemical group announced this decision today. Hikari's production volumes shall be transferred to Siltronic's existing 200 mm wafer plants in Singapore and Portland (Oregon, USA), optimizing capacity utilization at these sites' facilities. The planned closure is expected to involve expenses of some EUR70 million. Thereof, around EUR45 million will be cash-relevant. These expenses had not been included in WACKER's most recent earnings forecast for fiscal 2011 which calls for earnings before interest, taxes, depreciation and amortization (EBITDA) at last year's level. Currently, Siltronic is producing at it's Hikari site wafers for the semiconductor industry as well as monocrystalline silicon ingots, employing a staff of some 500. Further inquiry note: Investor Relations Tel.: +49 (0)89 6279 1633 E-Mail: investor.relations@wacker.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Wacker Chemie AG Hanns-Seidel-Platz 4 D-81737 München phone: +49 (0) 89 6279 01 FAX: +49 (0) 89 6279 1770 mail: info@wacker.com WWW: http://www.wacker.com sector: Chemicals ISIN: DE000WCH8881 indexes: MDAX, CDAX, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Hamburg, Stuttgart, Düsseldorf, Hannover, München, regulated dealing: Berlin language: English
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