WACKER Exists from Solar Wafer Business
Year:2009 ISSUE:29
COLUMN:M & A, BUSINESS & TRADE
Click:208    DateTime:Oct.19,2009
WACKER Exists from Solar Wafer Business      

Wacker Chemie AG exits from the solar wafer business and will transfer its shares in its joint venture WACKER SCHOTT Solar GmbH (WSS) to its former partner SCHOTT Solar AG. WACKER said on September 30th.
   The reason for this move is WACKER's decision to focus its solar activities from now on exclusively on its core competency which is the production of hyperpure polycrystalline silicon. SCHOTT Solar, on the other hand, concentrates on the downstream side of the photovoltaic value chain, the manufacturing of solar cells and modules. Already in the past, SCHOTT Solar has absorbed the major part of WSS's wafer production.
   "Focusing on hyperpure polysilicon production provides an excellent base for our long-term competitiveness and profitability", says WACKER Group's CEO Rudolf Staudigl." In this field, we can play out our technology leadership and our strong market position with maximum impact."