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Wacker Posts Fourth-Quarter Loss, Sales Dip on Weak Solar, Electronics Demand

12:05 PM MST | January 26, 2012 | Natasha Alperowicz

Wacker Chemie, in its preliminary report on fourth-quarter 2011 results, reported a net loss of €85 million ($110 million) compared with a €99.9 million net profit in the year earlier period. Sales were 16% lower at €1.01 billion. The company cites weak demand for semiconductor wafers and solar-grade silicon as well as reduced inventories by its customers. “Our business developed well over the first nine months…[but] the decline in semiconductor and solar demand was stronger than we had expected and caused [fourth-quarter] figures to...

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