WACKER is a chemicals company which was founded in 1914. It is controlled by the Wacker family which holds more than 50% of the shares.
Wacker is a technological leader in the chemical industry and manufactures products for all key global industries. It is active in the silicone, polymer, life sciences and polysilicon markets.
The products are sold in more than 100 countries and the corporation is operating 24 production sites in 11 countries, mainly in Europe, Asia and the Americas.
Wacker Chemie AG has 5 strategic goals:
1. We are further expanding our production capacities with capital expenditures below depreciation
Expansion will focus on less capital-intensive plants for making intermediates and downstream products in specific regions
2. We want to grow faster than the chemical-sector average.
We are ideally positioned thanks to not only our new capacities and our intensified expansion in emerging markets and regions, but also our products’ substituting competitor products, our product innovations and the higher ratio of specialties in our portfolio.
3. We want to achieve attractive margins with our products.
Our target here is to generate an EBITDA margin of > 16 percent for our chemical divisions and > 30 percent for our polysilicon business.
4. We will focus even more closely on sustainability.
To operate and act sustainably is a clear priority: not only are we developing a wide range of sustainable products to reduce CO2 emissions, we are also stepping up resource-saving production by using efficient plant processes and by lowering our consumption of raw materials and energy.
5. We will increase our cash inflow from operating activities.
Through a combination of higher sales, lower capital expenditure and further efficiency measures and cost savings, we will increase our operating cash flow and give our shareholders a larger share in the profits.
Reviews for Wacker Chemie AG Financial Results Q1 2021 | Insights, Analysis & Future Strategy with IR