Wacker reports growth in silicones business

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…

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