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4th Global Silicone Outlook to share insights into the opportunities and threats to the silicone industry

Posted on : 21 Jun, 2010

 

BEIJING (Asian Metal) 9 Jun 10 - Wacker Chemie AG is acquiring the Norwegian FESIL Group’s silicon-metal production site in Holla (near Trondheim) for EUR65,000,000 (USD77,530,000). The two companies signed a purchase agreement to this effect on Friday night, June 4, 2010. Under the terms of the transaction, WACKER takes over all of FESIL’s production facilities in Holla, including the related real estate. Closing of the transaction is expected before the end of Q3 2010.

This strategic acquisition is a key step in securing long-term supply of silicon metal for Wacker. Acquiring Holla makes Wacker more independent of raw-material price fluctuations and increases its supply security during peak-demand periods.

Source: Asian Metal   http://www.asianmetal.com/news/viewNews.am?newsId=607192

 

While demand for silicone remains bullish and is projected to increase, what implications would the above news have on the silicon metal markets, an important raw material of silicones? This is just 1 of the questions to be examined at the 4th Global Silicone Outlook meeting on 27&28 September in Shanghai. The event will feature silicone key industry players from around the globe sharing their perspectives on the opportunities or threats to the silicone industry.

 

Click here for latest agenda

 

Those keen to register, or explore sponsorship and media exchange opportunities, can enquire with Ms. Fu Huiyan at huiyan@cmtsp.com.sg.