Wacker is strategically expanding its silicone specialties division, setting its sights on Europe for reorganized production. The forthcoming addition to its operational network is a state-of-the-art production facility set to grace Karlovy Vary, Czech Republic. This move underscores Wacker's commitment to catering to burgeoning market demands fueled by megatrends like electromobility and renewable energies, which heavily rely on silicone products. With production slated to commence by the close of 2025, the initial phase will generate up to 200 job opportunities, with further workforce expansion likely.
The investment earmarked for this venture hovers in the low three-digit million euro range, indicative of Wacker's confidence in the project's potential. The Karlovy Vary site will seamlessly complement Wacker's existing Verbund sites in Germany—Burghausen, Nünchritz, and Pilsen—positioning the conglomerate for enhanced operational synergy and market responsiveness. Initially specializing in room-temperature-curing specialty silicones, the facility will subsequently incorporate high-temperature-curing silicone compound production, broadening its scope and market reach.
With a keen eye on efficiency and optimization, Wacker plans to leverage its Burghausen facility for the supply of essential raw materials—polymers, fillers, and additives—that will be seamlessly integrated into production processes at Karlovy Vary. This consolidation of compound production capabilities is envisioned to bolster efficiency, propelling Wacker towards its automation objectives.
Collaboration with US real estate developer Panattoni underscores Wacker's commitment to operational excellence. The imminent development of the Karlovy Vary site is a testament to the company's proactive stance. Pending regulatory approvals, construction is slated to commence in the second quarter of 2024. The site, spanning 23,000 square meters, is under the ownership of Czech real estate group Accolade, poised to serve as the cornerstone for Wacker's transformative journey in Europe.
Upon reaching full operational capacity, the Karlovy Vary facility is projected to churn out over 20,000 tons of bespoke silicones annually, catering to diverse industry needs. Thomas Koini, head of Wacker Silicones division, underscores the strategic significance of this expansion, highlighting its potential to amplify efficiency and drive innovation.
In summary, Wacker's foray into Karlovy Vary heralds a new chapter in its European operations, fortified by a steadfast commitment to excellence, innovation, and market responsiveness. As the company navigates the dynamic landscape shaped by megatrends, its strategic investments lay the groundwork for sustained growth and industry leadership.
