Company Overview of Wacker Chemicals East Asia Ltd.
Wacker Chemicals East Asia Ltd. engages in the manufacture of polysilicon. It offers hyperpure polycrystalline silicon, chlorsilanes, and pyrogenic silicas. The company serves semiconductors and photovoltaics industry. The company was founded in 1983 and is based in Tokyo, Japan. Wacker Chemicals East Asia Ltd. operates as a subsidiary of Wacker Chemie AG.
Tokyo, 100 0054
Founded in 1983
81 3 6684 8655
81 3 5283 8856
Key Executives for Wacker Chemicals East Asia Ltd.
Compensation as of Fiscal Year 2017.
Wacker Chemicals East Asia Ltd. Key Developments
Wacker Polysilicon Announces Earnings Results for the First Quarter Ended March 31, 2017
Apr 27 17
Wacker Polysilicon announced earnings results for the first quarter ended March 31, 2017. For the quarter, the company generated total sales of EUR 268.1 million in the reporting quarter, 2% lower than a year ago of EUR 273.1 million and 10% less than in the preceding quarter of EUR 297.2 million. The slight year-over-year decline was prompted mainly by somewhat lower volumes in the solar business. On the other hand, higher solar-silicon prices-both year over year and quarter over quarter - supported sales. Volumes fell substantially compared with the fourth quarter of 2016. The company’s reporting-quarter EBITDA amounted to EUR 70.5 million, up 79% versus a year ago of EUR 39.4 million. This strong increase was primarily due to the costs incurred last year to commission the new polysilicon plant in Charleston, Tennessee (USA). In the first quarter of 2016, these costs had lowered the company’s EBITDA by around EUR 30 million. Relative to a quarter ago of EUR 86.5 million, EBITDA was down by almost 19%. One of the main reasons for this decrease was the special income of EUR 13.3 million posted in the fourth quarter of 2016 from advance payments retained and damages received from solar-sector customers.
Wacker Polysilicon Announces Earnings Results for the Year 2016; Provides Earnings Guidance for the Year 2017
Mar 14 17
Wacker Polysilicon announced earnings results for the year 2016. For the year, the company lifted its sales slightly in 2016. They climbed 3% to around EUR 1.10 billion compared to EUR 1.06 billion a year ago. The rise was due to substantial volume growth, despite the fact that average solar-silicon prices were lower. EBITDA amounted to EUR 285.9 million, 29% below the previous year's level compared to EUR 402.4 million. The decline was basically caused by lower average prices, by start-up costs at the new production site at Charleston, Tennessee (USA), and by a substantial reduction in special income from advance payments retained and damages received from customers.
For the year 2017, the company expects sales to only match last year's level despite volume growth. The division's EBITDA should be somewhat higher than last year when adjusted on a comparable basis to exclude special income from advance payments retained and damages received.
WACKER POLYSILICON Announces Earnings Results for 2015; Provides Earnings Guidance for 2016
Mar 17 16
WACKER POLYSILICON announced earnings results for 2015. Sales edged up in 2015. They advanced over 1% to EUR 1.06 billion against EUR 1.05 billion a year ago. EBITDA was EUR 402.4 million against EUR 537.0 million, came in 25% below the prior-year figure. This decline was chiefly attributable to reduced special income from advance payments retained and damages received from solar-sector customers and to higher costs for the start-up process at the new site in Charleston, Tennessee (USA). In 2015, the company recognized special income from advanced payments retained and damages received in the amount of EUR 137.6 million against EUR 206.3 million a year ago.
The company expects to post only a slight sales gain despite increased volumes. With regard to EBITDA, the division anticipates a significant decline because of the costs for starting-up polysilicon production at the new Charleston site. Additionally, EBITDA will be dampened by lower year-over-year special income from advanced payments retained and damages received.
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