Wacker overviews more losses for polysilicon department in 2020

• Significant polysilicon manufacturer Wacker Chemie has actually led additional losses were anticipated from its polysilicon department, because of ongoing rates stress.

Wacker kept in mind that it anticipated yearly polysilicon sales in 2020 to raise a little by a low-single-digit percent, as a result of a concentrate on greater quality polysilicon manufacturing as well as succeeding high ASPs.

The firm had actually formerly reported polysilicon sales of EUR780 million (US$ 859 million) in 2019, below EUR824 million (US$ 907 million) in 2018. EBITDA had actually been adverse EUR55 million (US$ 60.5 million), contrasted to a favorable EBITDA of EUR72.4 million (US$ 79.7 million) in 2018.

Wacker claimed that its polysilicon department would certainly make losses on the same level with those in 2019, in spite of price reducing actions as well as without in 2015's non-recurring insurance coverage payment of EUR112.5 million (US$ 124 million), because of a surge at its polysilicon plant in the United States.