• 08.07.2009, 12:55:49
  • /
  • OTE0008

EANS-Adhoc: WACKER Optimizes its Global Production Network

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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08.07.2009

Munich, July 8, 2009 - Wacker Chemie AG intends to introduce a new site strategy
to increase flexibility and further optimize the integrated production network
of its Siltronic semiconductor subsidiary. Silicon wafer production is to be
concentrated at lead sites according to individual diameters. This was decided
today by the relevant WACKER Group committees. This approach involves, for
example, discontinuing 150 mm wafer production at Freiberg and transferring
these production volumes to Burghausen. In the 300 mm wafer segment, the
Burghausen site is expected to become the focus of R&D-related tasks, with
production being pooled at Freiberg and Singapore. Singapore will become the
lead site for 200 mm wafers, too. The new site strategy along with the expected
development of the semiconductor market results in impairments on fixed assets
totaling some EUR120 million, which will be accounted for in the financial
statements for the first half of 2009.

In addition to these realignments at Siltronic, WACKER will also implement
structural improvements at WACKER SILICONES targeting at cost reductions, higher
flexibility and improved plant capacity utilization. Compared to March 31, 2009,
all these measures are expected to cut nearly 800 positions at Siltronic and
WACKER SILICONES by the end of 2010. WACKER has already found a solution for 450
of the employees affected. To implement the remaining job cuts, WACKER will book
provisions totaling about EUR15 million in Q2 2009. Since mid-2008, Siltronic
has already reduced its workforce by some 550 employees, including external
temporary workers.

In addition, the relevant WACKER Group committees decided today to execute a
control and profit transfer agreement between Siltronic AG and Wacker-Chemie
Dritte Venture GmbH, a wholly-owned subsidiary of Wacker Chemie AG. Since such
an agreement already exists between Wacker-Chemie Dritte Venture GmbH and Wacker
Chemie AG, profits and losses at Siltronic can now be netted with Wacker Chemie
AG´s resulting net income. WACKER expects this agreement to have a positive
effect on 2009´s after-tax income ranging in the higher double-digit euro
millions.

Further information on WACKER Group´s current trading conditions in Q2 2009 can
be found in a press release which will be published today.

Further inquiry note:
Joerg Hoffmann
Investor Relations
Tel.: +49 (0)89 6279 1633
E-Mail: joerg.hoffmann@wacker.com

end of announcement euro adhoc
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emitter: Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München
phone: +49 (0) 89 6279 01
FAX: +49 (0) 89 6279 1770
mail: info@wacker.com
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

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

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