The consolidated financial statements include the financial statements of Wacker Chemie AG and its subsidiaries. Subsidiaries are defined as companies in which Wacker Chemie AG directly or indirectly holds a voting majority or exercises control. Joint ventures and associated companies are defined as companies in which Wacker Chemie AG exercises significant influence, which normally means that it holds 20–50% of the voting rights. These entities are included in the consolidated financial statements using the equity method. If subsidiaries and joint ventures have their own subsidiaries, these are not included in the table below. Companies in which Wacker Chemie AG has a shareholding of less than 20% are shown as other investments under noncurrent financial assets.
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Germany |
Europe (excl. Germany) |
Americas |
Asia |
Other |
Total | ||
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Fully Consolidated Subsidiaries (incl. Proprietary Company) |
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Jan. 1, 2008 |
17 |
13 |
6 |
19 |
1 |
56 | ||
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Additions |
2 |
1 |
2 |
2 |
– |
7 | ||
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Disposals and mergers |
– 3 |
– 1 |
– 2 |
– 1 |
– |
–7 | ||
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Reclassifications |
– |
– |
– |
1 |
– |
1 | ||
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Dec. 31, 2008 |
16 |
13 |
6 |
21 |
1 |
57 | ||
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Companies Accounted for |
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Jan. 1, 2008 |
2 |
– |
2 |
5 |
– |
9 | ||
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Disposals and mergers |
– |
– |
– 1 |
– |
– |
–1 | ||
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Reclassifications |
– |
– |
– |
– 1 |
– |
– 1 | ||
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Dec. 31, 2008 |
2 |
– |
1 |
4 |
– |
7 | ||
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Non-consolidated Affiliated Companies1 |
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Jan. 1, 2008 |
1 |
– |
– |
– |
– |
1 | ||
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Dec. 31, 2008 |
1 |
– |
– |
– |
– |
1 | ||
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Total |
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Jan. 1, 2008 |
20 |
13 |
8 |
24 |
1 |
66 | ||
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Additions |
2 |
1 |
2 |
2 |
– |
7 | ||
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Disposals and mergers |
– 3 |
–1 |
– 3 |
– 1 |
– |
– 8 | ||
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Dec. 31, 2008 |
19 |
13 |
7 |
25 |
1 |
65 | ||
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Additions and Reclassifications at Fully Consolidated Subsidiaries/ | |
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% |
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Additions |
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Wacker Polymers GmbH & Co. KG, Burghausen (acquired as of Jan. 31, 2008) |
100 |
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Wacker Polymers Verwaltungs GmbH, Hattingen (acquired as of Jan. 31, 2008) |
100 |
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Wacker Polymers B.V., Utrecht, Netherlands (acquired as of Jan. 31, 2008) |
100 |
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Wacker Polymers, L.P., Allentown (PA), USA (acquired as of Jan. 31, 2008) |
100 |
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Wacker Polymers Holdings, LP., Allentown (PA), USA (acquired as of Jan. 31, 2008) |
100 |
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Wacker Chemie India Pvt. Ltd., Mumbai, India |
100 |
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Wacker Chemicals Middle East Ltd., Dubai (founded in May 2008) |
100 |
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Reclassifications |
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Air Products Korea, Inc., Seoul, South Korea (acquired as of Jan. 31, 2008) |
100 |
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Disposals/Mergers of Fully Consolidated Subsidiaries | |
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% |
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Wacker Polymers GmbH & Co. KG, Burghausen |
100 |
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Wacker-Chemie Holdings GmbH & Co. KG, Burghausen |
100 |
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Wacker Polymers, L.P., Allentown (PA), USA |
100 |
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Wacker Polymers Holdings, LP., Allentown (PA), USA |
100 |
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Wacker Polymers B.V., Utrecht, NL |
100 |
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Wacker Silicone Korea Ltd., Seoul, South Korea (liquidation in December 2008) |
100 |
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Wacker Polymers Verwaltungs GmbH, Hattingen |
100 |
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Disposals/Mergers at Companies Accounted for Using the Equity Method |
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Air Products Resinas Holdings, S.A. de C.V., Queretaro, Mexico |
35 |
In addition to the acquisitions of the shares in the former APP companies that are disclosed separately, the additions in the year under review refer to the following Group companies. In early 2008, Wacker Chemicals Middle East Ltd. in Dubai was established. The company is a distributor and a technical center is currently being built there. As of the balance sheet date, the company has no material impact on the Group’s net assets, financial position, or results of operations. In addition, 100% of the shares in Wacker Chemie India Private Limited were acquired in order to conclude the company’s foundation phase in the third quarter of 2008. As of the balance sheet date, the two companies have no material impact on the Group’s net assets, financial position, or results of operations.