EANS-News: WACKER Stops Short-Time Work at Burghausen's Polysilicon Manufacturing Facilities
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Munich and Burghausen (euro adhoc) - February 11, 2013 - Wacker Chemie AG has stopped the short-time work schedule introduced at Burghausen's polysilicon facilities back in early October 2012. The Munich-based chemical company took this decision amid growing demand from its solar-sector customers. To serve this demand growth, the company is ramping up its current capacities - which are currently curbed to two-thirds of full utilization - and is, thus, ending short-time work at WACKER POLYSILICON. "We sold more polysilicon than expected in January," said Ewald Schindlbeck, president of WACKER POLYSILICON. "Our order intake has increased so much over the last few weeks that plant-utilization levels are currently insufficient to produce the quantities ordered." Thanks to its modern and flexible technologies, added Schindlbeck, WACKER could align capacities to customer needs at very short notice. As a consequence, the company could react to current and future market trends promptly, regardless of how long today's surge in demand lasted, he said. Back in early October, 2012, WACKER had begun to curb polysilicon production and had applied for short-time work for about 700 WACKER POLYSILICON employees at its Burghausen site. Further inquiry note: Christof Bachmair Media Relations & Information Tel.: +49 (0)89 6279 1830 E-Mail: christof.bachmair@wacker.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: 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: free trade: Hannover, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing: Berlin, regulated dealing/prime standard: Frankfurt language: English
Original content of: Wacker Chemie AG, transmitted by news aktuell