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Wacker Chemie AG: WACKER STARTS UP NEW PRODUCTION PLANT FOR POLYVINYL ACETATE IN CHINA

DGAP-News: Wacker Chemie AG / Key word(s): Miscellaneous
Wacker Chemie AG: WACKER STARTS UP NEW PRODUCTION PLANT FOR POLYVINYL
ACETATE IN CHINA

31.03.2015 / 11:44

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- AVAILABLE ANNUAL CAPACITY OF 20,000 METRIC TONS

- INVESTMENT SPENDING TOTALS SOME EUR20 MILLION

- AUGUSTE WILLEMS, EXECUTIVE BOARD MEMBER: "THIS INVESTMENT WILL
STRENGTHEN OUR POSITION AS THE WORLD'S LEADING MANUFACTURER OF SOLID
RESINS FOR GUMBASE"

Munich / Nanjing, March 31, 2015 - Wacker Chemie AG inaugurated its new
production plant for food-grade polyvinyl acetate (PVAc) solid resins at
its Nanjing site (Jiangsu province) in China today. With an annual capacity
of 20,000 metric tons, the plant is the largest of its kind in Asia and it
is certified to the highest food standards. PVAc solid resins find use in
the manufacture of gumbase for chewing gum. With this investment, WACKER
intends to secure sufficient long-term capacity to meet the strong demand
for PVAc solid resins and thus continue to offer its Asia-Pacific customers
high supply security and product quality. The Group invested around EUR20
million in the expansion project. WACKER is thereby strengthening its
position as the world's leading manufacturer of PVAc solid resins for the
chewing-gum industry.

"The new solid-resins plant in Nanjing is an important milestone for our
continued growth in the region," explained Auguste Willems, Wacker Chemie
AG Executive Board member, at the opening ceremony. "Asia has become one of
the biggest markets for chewing gum. Thanks to the new plant, we can keep
pace with our customers' strong demand for high-quality polyvinyl acetate
solid resins in the region in the future - and are thus strengthening our
position as the world's leading manufacturer of solid resins for gumbase."

WACKER's fully integrated Nanjing site is already producing vinyl
acetate-ethylene copolymer dispersions and dispersible polymer powders for
the construction, coating, adhesive and other industries. By bundling its
Chinese polymer activities at a single site, the company expects to gain
decisive advantages and synergies, achieving economies of scale through a
common infrastructure and energy supply. Additionally, it will be able to
enhance transport and logistical efficiency and sustainability.

WACKER has been a leading supplier of food-grade polyvinyl acetate solid
resins for over 50 years and manufactures them in Germany and China. The
products can be found on the chewing-gum market under the trademarks
VINNAPAS(R) and CAPIVA(R). PVAc solid resins from WACKER are a key
component of various modern gumbase types.

For further information, please contact:
Wacker Chemie AG
Presse und Information
Christof Bachmair
Tel. [phone]
Fax [phone]
[e-mail]



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Language: English
Company: Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.wacker.com
ISIN: DE000WCH8881
WKN: WCH888
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart


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