International.
Wacker Chemie AG revealed that it is expanding its silicone elastomer production capacity in Jincheon, South Korea.
The new facilities will include production plants for silicone sealants, special silicones and liquid silicone rubber. At the same time, the existing production units in Jincheon will be transferred to the new headquarters.
Investments for the expansion will total around 16 million euros. Construction work will officially begin at the end of July, with the company expecting production to begin in the first quarter of 2018. The new expansion project is Wacker's response to the growing regional demand for silicone elastomers in the construction, electronics and automotive industries.
The silicone sealants and special silicones will be produced in separate areas physically at the 2.5-acre headquarters. This will allow the company to optimize its production processes and maximize its flexibility for future expansion projects.
