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Wacker plans $200m expansion of Tennessee chemicals plant

Wacker Chemie is preparing to build a new silicone production complex at its Charleston facility in the US state of Tennessee.

The German company has started a feasibility study as part of an expansion project at the site estimated to cost more than $200m and create more than 200 new jobs.

“The planned expansion measures in Charleston are a further step toward making it a fully integrated site with closed production loops, and an important prerequisite for accelerating our growth as planned,” said Wacker CEO Christian Hartel.

“Wacker is the world's second-largest silicone producer, and this business is of strategic importance to us. Demand for high-performance specialty silicones is showing particularly strong growth,” he added.

The Munich-based chemical group is aiming for sales of over €10 billion by 2030, with an EBITDA margin of over 20%.

“In the US, demand for silicones has shown above-average growth in recent years,” said David Wilhoit, president & CEO of US subsidiary Wacker Chemical Corporation.

"With this comprehensive investment offensive, we are further expanding our position in the world's second largest chemical market,” he added.

See more about Wacker-Chemie AG

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Upcoming Events

Cosmetorium 2023

Palau de Congressos de Barcelona
18 - 19 October

SEPAWA 2023

Estrel Congress Center, Berlin
25 - 27 October

California Chapter Suppliers’ Day 2023

Long Beach Convention Center
25 - 26 October

in-cosmetics Asia 2023

BITEC, Bangkok
7 - 9 November

Plastic Waste Free World Europe 2023

Koelnmesse, Cologne, Germany
08-09 Nov 2023

SCS Formulate 2023

Coventry Building Society Arena
14 - 15 November 2023

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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