Wacker Reports Record Results; Hikes Polysilicon Capacity

Wacker Chemie set a new earnings and sales record in 2010, exceeding pre-crisis levels by a substantial amount. Wacker CEO Rudolf Staudigl, announcing the company’s annual results in Munich last week, forecast further growth this year. Staudigl: Buoyed by high customer demand. Wacker’s 2010 Ebitda almost doubled, to €1.19 billion ($1.67 billion), on sales about 30% higher at €4.75 billion. Net income was €497 million compared with a loss of €74.5 million in 2009. Strong sales volumes due to high...

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