Wacker recently announced it is increasing its global production capacities for silicone rubber. With expansion measures at several sites, Wacker plans to gradually raise its capacities by a total of 40,000 mt per year by 2021.
Approximately €100 million (approximately $113.6 million) has been earmarked for this capacity expansion. With these measures, the company is reportedly responding to the high demand for silicone rubber in key sectors such as the automotive, electronics and medical industries. These investments are part of the Wacker Silicones division’s strategy of further expanding its portfolio of specialties.
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Top 5 News that Sticks for December 23-29
1. Wacker Expands Silicone Rubber Capacity
2. Emulsion Polymers Market to Reach $54 Billion
3. Solvents Market to Rise Almost 4%
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