in this issue
Regions :: Southeast Asia :: Singapore
Wacker acquires majority stake in silicon wafer jv with Samsung
4:45 AM MST | January 24, 2014 | Natasha Alperowicz
Wacker Chemie said today that its silicon wafer subsidiary Siltronic has increased its stake in Siltronic Samsung Wafer (Singapore) from 50% to 78%. Siltronic and Samsung Electronics signed the contracts today. Samsung’s share in the jv will drop to 22%. The joint venture will, at the same time, repay all the outstanding project loans of some €210 million ($288.3 million) with Siltronic contributing about €150 million. This will lead to a rise in Wacker’s net debt, the company says. The joint venture will be renamed Siltronic...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee