
Wacker Chemie is a leading chemical company with a strong presence in the global market. Founded in 1914, the company has a rich history of innovation and growth.
Wacker Chemie is headquartered in Munich, Germany, and has a diverse portfolio of products that include silicone, polymer, and biotechnology solutions. The company operates in over 100 countries worldwide.
The company's production network spans across the globe, with manufacturing sites in Europe, North America, and Asia. Wacker Chemie has a total of 25 production sites worldwide.
Wacker Chemie's business model is built on a strong foundation of innovation, sustainability, and customer focus. The company's commitment to research and development has led to the creation of new products and solutions that meet the evolving needs of its customers.
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Business Operations
Wacker Chemie AG is a company with a diverse range of products, derived from two main raw materials: silicon and ethylene.
The company is divided into five divisions, each serving different end markets. Wacker Silicones serves the construction, automobile, paints, textiles, and paper industries.
Wacker Polymers, on the other hand, focuses on serving the construction industry with redispersible powders and other industries with dispersions, all starting with ethylene as its main raw material.
The company has a strong presence in the semi-conductor market through Siltronic, which supplies wafers.
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Business Activity
Wacker Chemie AG is a diversified chemical company with five main divisions, each serving different markets.
Siltronic is one of these divisions, and it supplies wafers to the semi-conductor market.
Wacker Polysilicon produces hyper-pure electronic-grade polysilicon for use in electronic and solar wafers.
The company's Silicones division serves a variety of end markets, including construction, automobile, paints, textiles, and paper.
Wacker Polymers, another division, uses ethylene as its main raw material and primarily serves the construction industry with redispersible powders.
Wacker Biosolutions uses bio-technological processes to serve its customers.
Peter Summo has been appointed as the president of Wacker Polymers, effective October 1.
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Production Sites
A company's production sites are where the magic happens, turning raw materials into finished products.
These sites are often located close to suppliers and transportation hubs to minimize costs and maximize efficiency.
In some cases, production sites are also situated near markets to reduce distribution time and costs.
The number of production sites can vary greatly depending on the company's size and scope.
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A large company might have multiple production sites across different regions to meet growing demand and reduce reliance on a single location.
However, this also increases complexity and requires more resources to manage.
Companies must carefully consider the trade-offs between economies of scale and the need for flexibility and adaptability.
Safety and Awards
Safety incidents have occurred at Wacker Chemie's facilities, resulting in severe consequences. In 2012, two subcontract workers fell to their death during construction activities, leading to a temporary suspension of work.
A series of fines were issued by the Tennessee Occupational and Safety Administration (TOSHA) for regulatory violations, including a $3,500 fine in 2016 for hazardous energy control and a $4,000 fine in 2016 for process safety and respiratory equipment issues.
Additionally, in 2017, five workers were hospitalized with chemical burns due to a Silane gas discharge. Unfortunately, an industrial accident in 2020 involving a hydrochloric acid and steam release resulted in one worker's death.
Wacker Chemie has also received recognition for its innovative products. In 2020, the company won an Adhesives and Sealants Council (ASC) Innovation Award for its GENIOSIL XB 502 Silane-Modified Polymers.
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Safety Concerns
Safety is a top priority in any workplace, and unfortunately, incidents can still happen. In 2012, two subcontract workers tragically fell to their death due to a subcontracting company's fault.
Regulatory violations have also been a concern. A Tennessee Occupational and Safety Administration (TOSHA) inspection in March 2016 resulted in a fine of $3,500 for issues related to hazardous energy control.
Process safety and respiratory equipment have also been areas of concern. A second TOSHA inspection in August 2016 led to a fine of $4,000 for these issues.
Chemical accidents can have devastating consequences. On August 30, 2017, 5 workers were hospitalized with chemical burns after a Silane gas discharge within the plant.
Industrial accidents can also have severe outcomes. On November 13, 2020, 5 workers were injured in an incident involving a small release of hydrochloric acid and steam, and one worker sadly died from his injuries later that day.
Incidents like these highlight the importance of prioritizing safety and taking steps to prevent such occurrences in the future.
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Awards
Wacker has won several awards for their innovative products. One notable award was the Adhesives and Sealants Council (ASC) Innovation Award in 2020 for their GENIOSIL XB 502 Silane-Modified Polymers.
This award recognized Wacker's high-performance adhesives for strong bonding applications. Their innovative products have been recognized for their quality and effectiveness.
Here are some of the notable awards and recognitions Wacker has received:
- Adhesives and Sealants Council (ASC) Innovation Award in 2020
The company has a long history of innovation, with a legacy that dates back to 1914.
Engineering and Technology
Wacker Chemie has made significant strides in its 3D engineering environment, with a remarkable 90% of its new European projects migrated to AVEVA Unified Engineering on the cloud by the start of 2024.
This platform has enabled the company to efficiently handle parallel projects such as optimization, maintenance, and shutdown procedures, while also resolving data-sharing problems through global high-performance concurrent engineering and collaboration.
By leveraging AVEVA Unified Engineering, Wacker Chemie has experienced a 25% reduction in administration efforts and can now ramp up 3D projects 40% quicker due to administration savings.
Plastics Manufacturing
Plastics Manufacturing is a significant aspect of engineering and technology. Wacker took over vinyl acetate/ethylene operations from Air Products Polymers in 2007.
This acquisition allowed Wacker to gain full ownership of activities in Allentown, Pennsylvania, and Calvert City, Kentucky.
Concurrent Engineering
Concurrent engineering is a game-changer for companies that need to work with multiple stakeholders and contractors on different projects. By integrating all stakeholders and contractors into a single platform, Wacker Chemie was able to reduce administration efforts by 25% and ramp up 3D projects 40% quicker.
Wacker Chemie's experience with AVEVA Unified Engineering shows that concurrent engineering can be done seamlessly in the cloud. Before adopting this platform, the company's traditional installation of on-premises servers required manual updating and reconciliation, leading to different versions of 3D plant models across stakeholders.
With AVEVA Unified Engineering, Wacker Chemie can now implement large capital investment projects with unprecedented speed. The platform allows administrators to operate directly on a single model in the cloud, eliminating the need to work on multiple models on multiple systems.
Wacker Chemie's migration to AVEVA Unified Engineering on the cloud has been highly successful, with 90% of its new projects in Europe now using the platform. This has enabled the company to handle parallel projects such as optimization, maintenance, and shutdown procedures with ease.
Locations
Wacker Chemie's biggest production site is the Burghausen plant in Bavaria, Germany, with around 8,000 employees.
The company has a significant presence in the US, with a new headquarters in Ann Arbor, Michigan, opened in 2022.
Wacker Chemie has production sites in multiple regions, including the Americas, Europe, and Asia.
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Leadership
Wacker Chemie's leadership is characterized by a strong focus on innovation and sustainability.
The company has a long history of investing in research and development, with over 1,500 employees working in R&D globally.
Wacker Chemie's CEO, Willi Liebhart, has been instrumental in driving the company's growth and expansion into new markets.
The company's leadership team has a strong track record of delivering results, with a 25% increase in sales over the past five years.
Wacker Chemie's commitment to sustainability is evident in its goal to reduce greenhouse gas emissions by 50% by 2030.
Frequently Asked Questions
Who owns Wacker Chemie?
Wacker Chemie is controlled by the Wacker family, who hold more than 50 percent of the shares. The family's significant ownership stake ensures a strong family influence over the company's operations.
What is the revenue of Wacker Chemie?
Wacker Chemie's current revenue is £4.07 Billion (TTM). The company's revenue has seen a decrease from £4.61 Billion in 2018 to £4.19 Billion in 2019.
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