2008 was the most successful year in WACKER’s history. Sales and EBITDA reached new Group peaks. In spite of our high investment level, WACKER is solidly financed and continues to have a stable equity base. We met all our key targets for 2008. By acquiring APP’s operations, we have become the only market player to offer a complete supply chain in the Americas, Asia and Europe. WACKER POLYSILICON’s “Expansion Stage 7” went on stream six months earlier than planned. Further production-capacity expansion enables us to benefit from rising solar-sector demand for polysilicon.
Management Review of Business Development