Wacker’s polysilicon revenues reached record high in 1Q09

Wacker Chemie AG’s first-quarter 2009 financial results may have seen overall sales decline 14% compared to the same quarter a year ago, but polysilicon revenue on a quarterly basis exceeded €300 million for the first time and EBITDA rose by 136%. Polysilicon was the largest contributor to Q1 2009 sales and earnings, Wacker said.

Wacker benefited from the strength of its polysilicon business, especially from customers based in Germany. First-quarter sales in Germany reached €220.8 million, up 3% from the same quarter in 2008.

Polysilion expansion plans would seem to be on target. Wacker spent approximately €100 million in the quarter to boost future capacity at its Burghausen and Nünchritz facilities.

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