In November 2005, WACKER became a stock corporation (AG) under German law. Headquartered in Munich, Wacker Chemie AG holds a direct or indirect stake in 59 companies belonging to the WACKER Group. The consolidated financial statements cover 56 fully consolidated companies. Two companies are accounted for using the equity method. Wacker Chemie AG and a number of its subsidiaries also have branch offices, but they are of only minor significance for the Group.
Five Operating Divisions
WACKER is based on a matrix organization with clearly defined functions. The Group has five business divisions, each with global responsibility for its products, manufacturing facilities, markets, customers and results. Regional organizations are responsible for all business in their respective countries. WACKER’s corporate departments primarily provide services for the whole Group, although some also have production-related functions.
Group Structure in Terms of Managerial Responsibility