WACKER held a grand ceremony in Shanghai to celebrate the 30th anniversary of its Chinese subsidiary.
WACKER has recently announced that it has held a grand ceremony in Shanghai to celebrate the 30th
anniversary of its subsidiary in China together with customers, local authority representatives and long-standing business partners.
The company started building its presence in China by opening its first offices in 1993. Seven years later, it opened its first regional technical application centre equipped with multiple application and research laboratories for developing tailor-made products in in Shanghai, in order to meet regional needs and serve multiple sectors such as construction, coatings, adhesives, electronics, automotive and personal care. The facility also operates nowadays different global competence centres for consumer care, cement and concrete, e-mobility and thermal interface materials.
In addition, in May 2023 the Group ramped up new production facilities for dispersions and dispersible polymer powders in Nanjing, while in September it also announced the expansion of several new production lines for manufacturing functional silicone fluids, silicone emulsions and silicone elastomer gels at the Zhangjiagang site.
“China is the largest chemical market in the world and an important growth driver for the global economy. The country offers a wide range of development opportunities which we intend to leverage continuously. This is our largest single investment since the site went into operation. Over the past 30 years, we invested nearly €1 billion in production, in customer and technical service and in research in China,” has stated Christian Hartel, the president and Chief Executive Officer of WACKER.
WACKER China has now over 1,700 employees and operates an extensive network composed by four production sites, three technical centres, eight sales offices and a training facility. In 2022, it generated around €2.45 billion, which corresponds to approximately 30% of the worldwide sales.
“Our track record is impressive: equipped with a comprehensive network of integrated production sites, four joint ventures, research and development and technical service centres as well as several sales offices we are well positioned strategically, especially with a view to key growth topics like the burgeoning electrification of vehicles in China. This will benefit our silicone business, as ours high performance silicones are essential for the development and production of electric vehicles,” has also commented Alvin Hu, the president of WACKER China.