EANS-News: WACKER acquires silicon-metal production site in Norway

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Subtitle: - WACKER ACQUIRES HOLLA SILICON SITE FROM NORWAY’S FESIL GROUP FOR
AROUND €65 MILLION
- TRANSACTION AWAITS SUPERVISORY BOARD AND ANTITRUST AUTHORITY APPROVAL
- ACQUISITION IS A KEY COMPONENT IN SECURING WACKER’S RAW-MATERIAL SUPPLY
- PRODUCTION CAPACITY OF SOME 50,000 METRIC TONS PER YEAR COVERS ABOUT ONE THIRD
OF WACKER’S ANNUAL SILICON-METAL NEEDS

Munich (euro adhoc) - June 7, 2010 - Wacker Chemie AG is acquiring the Norwegian
FESIL Group´s silicon-metal production site in Holla (near Trondheim). The two
companies signed a purchase agreement to this effect on Friday night, June 4,
2010. The transaction still requires approval of WACKER´s supervisory board and
FESIL´s board of directors as well as clearance by the antitrust authorities.
Under the terms of the transaction, WACKER takes over all of FESIL´s production
facilities in Holla, including the related real estate. The Munich-based
chemical company intends to continue employing the site´s existing workforce of
some 140. Closing of the transaction is expected before the end of Q3 2010.

"This strategic acquisition is a key step in securing our long-term supply of
silicon metal," said Group CEO Rudolf Staudigl. "Acquiring Holla makes us more
independent of raw-material price fluctuations and increases our supply security
during peak-demand periods."

"This acquisition represents a strategic change, bringing the Holla Silicon
Metal plant into an integrated part of WACKER´s silicone value chain", says
Thorstein Abrahamsen, CEO of FESIL. "FESIL AS will now focus its resources on
ferrosilicon metal production and develop its world wide ferroalloy trading as
well as industrialize its Solsilc Solar Grade Silicon Metal Process now at the
pilot stage."

Silicon metal is one of WACKER´s most important raw materials and is needed for
the production of silicones and hyperpure polysilicon. Holla Metall´s production
capacity is around 50,000 metric tons of silicon metal per year, which
corresponds to about one third of WACKER´s current annual needs.

This press release contains forward-looking statements based on assumptions and
estimates of WACKER´s Executive Board. Although we assume the expectations in
these forward-looking statements are realistic, we cannot guarantee they will
prove to be correct. The assumptions may harbor risks and uncertainties that may
cause the actual figures to differ considerably from the forward-looking
statements. Factors that may cause such discrepancies include, among other
things, changes in the economic and business environment, variations in exchange
and interest rates, the introduction of competing products, lack of acceptance
for new products or services, and changes in corporate strategy. WACKER does not
plan to update the forward-looking statements, nor does it assume the obligation
to do so.

Further inquiry note:
Christof Bachmair
Media Relations & Information
Tel.: +49 (0)89 6279 1830
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München
phone: +49 (0) 89 6279 01
FAX: +49 (0) 89 6279 1770
mail: [email protected]
WWW: http://www.wacker.com
sector: Chemicals
ISIN: DE000WCH8881
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English

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