Wacker Chemie

DE000WCH8881

Wacker Chemie AG is a German multinational chemical company which was founded in 1914 by Alexander Wacker. The company is controlled by the Wacker family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas. The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for the semiconductor industry. The company sells its products in more than 100 countries. As of 31 December 2015, 16,972 employees have been with Wacker. Corporate annual sales in 2015 were about 5,3 billion Euros, up 10% compared to 2014. The biggest production site of Wacker Chemie is the Burghausen plant in the south-east of Bavaria, Germany, with about 10,000 employees. The US headquarters are located at Adrian, Michigan.

Wacker Chemie was a target of short sellers in the past, but no short positions have been reported for 172 days.

History