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World News and Views :: Top of the News
Wacker Chemie Sees no End to the Economic Downturn
11:50 AM MDT | March 18, 2009 | Rebecca Coons in Munich
Wacker Chemie says there is a lack of visibility in its markets due to the global economic crisis. "We don't know how long the crisis will last," said Rudolf Staudigl, president and CEO of Wacker, at a presentation held today in Munich. "But we do know that Wacker won't be repeating 2008's sales and earnings achievements this year. At the moment, it is still not possible to forecast reliably the decline's true extent. It all depends on whether the economic crisis worsens in coming months or has already bottomed out," Staudigl says. Wacker...
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