KOREA (SOUTH): Wacker opens new production site for silicones in South Korea
Wacker Chemie AG on 24 April 2018 opened a new production site for silicone elastomers in South Korea. The plant is located around 100 kilometers southeast of Seoul at Jincheon, where the Group has already been producing silicone sealants since 2010 and specialty silicones for the electronics industry since 2012.
In moving to the new site, Wacker is significantly expanding its production and therefore its position as a leading silicone manufacturer in the region. Some EUR 15 million have been invested in the new production site. Wacker produces silicone sealants and high-performance silicones for automotive displays and other electronic applications at its new production site in Jincheon, South Korea.
“The opening of our new plant is a milestone for us and sends a signal to our customers that we want to continue growing in Asia and in South Korea especially,” said Executive Board member Christian Hartel at the opening ceremony, which was attended by high-ranking officials and business partners.
Asia is already one of the Group’s most important sales regions. “We generate around 40 % of our sales in Asia. Our operations in South Korea play a key role here”, said Hartel. “Our new production site enables us to strengthen and expand our position in the region over the long term.”
Source: Wacker Chemie AG website, Munich; 24 Apr 2018
(Syed Rashid Ali, Karachi, Pakistan)