Munich, Germany – Wacker silicones business has reported growth in year-on-year sales in 2016, with the figure rising to more than €2 billion, slightly higher than last year’s €1.94 billion.
The German speciality company announced 14 March that a 3% rise volume growth helped offset a “somewhat” lower price conditions.
Earnings (EBITDA) outpaced sales growth, climbing 31% to €361.2 million in the full fiscal year 2016.
The rise, according to Wacker, was driven by volume growth, good plant utilisation and “high levels of cost efficiency”.
“Wacker is in very…