'The opening of our new plant is a milestone for us and sends a signal to our customers that we want to continue growing in Asia and in South Korea especially,' said Executive Board member Christian Hartel at the opening ceremony, which was attended by high-ranking officials and business partners. Asia is already one of the Group's most important sales regions. 'We generate around 40 percent of our sales in Asia. Our operations in South Korea play a key role here', said Hartel. 'Our new production site enables us to strengthen and expand our position in the region over the long term.'

WACKER has produced silicone sealants in Jincheon since 2010 and has also manufactured specialty silicone elastomers there for the electronics industry since 2012. 'Due to the strong growth in demand for our silicones, production was increasingly being stretched to its limits', explained Executive Board member Auguste Willems. As it was not possible to expand the facilities on the existing premises, WACKER decided to move sites. 'Our new plant in Jincheon is four times as big as the old one and provides enough space for future capacity expansions', he said.

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Wacker Chemie AG published this content on 24 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2018 06:11:09 UTC