EANS-News: WACKER Buys Silicone Production Plant in South Korea

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Company Information

Munich (euro adhoc) - October 14, 2010 - Wacker Chemicals Korea Inc.
(a Wacker Chemie AG subsidiary) is acquiring the Lucky Silicone brand
from Henkel Technologies (Korea) Ltd.. The two companies announced a
purchase agreement to this effect today. The transaction still
requires antitrust approval.

As part of the acquisition, WACKER takes over not only the rights to
this South Korean brand, but also the production plant in Jincheon
(some 100 km south-east of Seoul), including the associated real
estate. Additionally, WACKER will assume all the inventories and
receivables related to this business. The Munich-based chemical
company intends to keep on the site´s existing workforce of some 40
employees. The transaction´s closing is expected before year-end
2010. The Lucky Silicone brand mainly comprises silicone sealants,
manufactured and marketed for use in construction and other
industries. Last year, Henkel Technologies Korea generated sales of
roughly EUR 20 million with Lucky Silicone products.

"This acquisition strengthens both our market presence and supply
chain in South Korea," said Carlos Weise, president of WACKER
SILICONES. "The brand is well established in South Korea and Lucky
Silicone sealants are sold across the whole country by numerous
distributors. As a result, we will be able to substantially expand
our access to customers in South Korea."

WACKER has been supplying chemical products to South Korea since the
mid-1980s and, in 1996, set up a local subsidiary - Wacker Chemicals
Korea Ltd. Since early 2008, WACKER has been producing vinyl
acetate-ethylene dispersions in Ulsan in the south-east of the
country. Additionally, WACKER maintains a local technical center to
provide research and applications support to its South Korean
customers and partners.

WACKER SILICONES WACKER SILICONES is one of the largest silicone
manufacturers worldwide with over 3,000 highly specialized and
innovative products. The division´s portfolio ranges from silicone
fluids, emulsions, resins, elastomers and sealants to silanes and
pyrogenic silica. These stand out due to their significant
value-adding potential - enhancing both the benefits and performance
of customers´ end products. WACKER SILICONES´ products find
application in such sectors as construction, chemicals, cosmetics,
textiles, automotive, paper and electronics. In 2009, WACKER
SILICONES generated some 33% of Group sales.

This press release contains forward-looking statements based on
assumptions and estimates of WACKER´s Executive Board. Although we
assume the expectations in these forward-looking statements are
realistic, we cannot guarantee they will prove to be correct. The
assumptions may harbor risks and uncertainties that may cause the
actual figures to differ considerably from the forward-looking
statements. Factors that may cause such discrepancies include, among
other things, changes in the economic and business environment,
variations in exchange and interest rates, the introduction of
competing products, lack of acceptance for new products or services,
and changes in corporate strategy. WACKER does not plan to update the
forward-looking statements, nor does it assume the obligation to do
so.

end of announcement euro adhoc
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ots Originaltext: Wacker Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Christof Bachmair

Media Relations and Information

Tel.: +49 (0)89 6279 1830

E-Mail: christof.bachmair@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard