euro adhoc: Wacker Chemie AG
Strategic management decisions
WACKER und
SCHOTT in talks about joint venture to produce solar wafers
20.07.2007 – 16:09
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
establishment of joint ventures
20.07.2007
Munich / Mainz, 07/20/2007 - Wacker Chemie AG and SCHOTT Solar GmbH, a subsidiary of SCHOTT AG, intend to set up a joint venture to produce silicon wafers for solar applications. Negotiations are well advanced. The joint venture could start production of multicrystalline silicon ingots and solar wafers, which are a precursor for solar cells, this year. Solar wafer production capacity is targeted to reach about one gigawatt per year by 2012. WACKER and SCHOTT shall each hold a 50 percent equity stake in the joint venture.
end of announcement euro adhoc 20.07.2007 15:33:41
Further inquiry note:
Investor Relations
Tel.: +49 (0)89 6279 1633
E-Mail: investor.relations@wacker.com
Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard