MUNICH—Wacker Chemie A.G. has some welcome news for silicone rubber processors, saying that it will increase global capacity of the material over the next several years.
The company May 24 said it would increase both LSR and HCR production "significantly."
Wacker has invested more than $107.3 million in the expanded capacity projects, which are set to occur at facilities around the globe, including one in Adrian, Mich. The investments are in concert with previously stated growth targets.
The company intends to increase growth in its chemical divisions by focusing on product specialties, especially silicone rubber product specialties.
"Silicones are high-performance materials," said Robert Gnann, head of Wacker Silicones business division. "They are essential for state-of-the-art product solutions and are among the innovation drivers in key industrial sectors such as automotive, electronics and medical."