Wacker reports 77% earnings growth in silicones division

Munich, Germany – Wacker Chemie AG’s silicones division has seen both sales and earnings (EBITDA) increase sharply in the third quarter of 2021, driven mainly by volume growth.

The segment posted a 77% year-on-year increase in earnings to €160 million, on 24% higher sales of €680 million, said Wacker in a 28 Oct statement.

Wacker linked the rise mainly to volume growth as well as the positive impact of higher selling prices. 

The German group said its capital expenditure for the third quarter came in at €86 million, up 90% year-on-year, due mainly to capacity expansion projects within its silicone and polymer products.

“For years, our strategy with silicones has been to expand our range of speciality products, and that is paying off more and more,” said CEO Christian Hartel. 

In the third quarter, Hartel said, Wacker posted “double-digit growth rates” for silicones in all application fields, with speciality silicones offering “multiple indispensable properties.” 

Wacker’s silicones portfolio includes silicone fluids, silicone emulsions, silicone rubber, silicone resins, silanes, HDK pyrogenic silica, sealants and silane-terminated polymers.