Bloomberg News

Wacker Predicts Strong Growth in Photovoltaics in U.S., FTD Says

May 11, 2012

Wacker Chemie AG (WCH) expects “strong” growth in the photovoltaic market in the U.S. in 2012 and coming years, Financial Times Deutschland said, citing an interview with Konrad Bachhuber, head of Wacker’s U.S. business.

Wacker is investing $1.8 billion in a new polysilicon factory in Tennessee to meet growing demand, Bachhuber told the newspaper. Polysilicon prices have fallen after newcomers joined the market in the past years, the German newspaper said. Several dozen producers have exited the market and others have cut production “drastically,” Bachhuber said, according to FTD.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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