euro adhoc: Wacker Chemie AG
Strategic management decisions
WACKER und
SCHOTT in talks about joint venture to produce solar wafers
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