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Wacker Chemie AG

WACKER finalizes Acquisition of Polymer Joint Ventures

Munich (euro adhoc) -

- Antitrust authorities clear takerover of APP and WPS joint 
ventures
 - Full integration into WACKER Group expected by year-end
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
February 1st, 2008 - Wacker Chemie AG has
successfully concluded its acquisition of full ownership of Air 
Products Polymers (APP) and Wacker Polymer Systems (WPS), its two 
joint ventures with Air Products and Chemicals, Inc. The transaction 
announced in December 2007 has now been cleared by the European and 
U.S. antitrust authorities. WACKER´s stake in APP had been 35 
percent, with Air Products holding the remaining 65 percent. As for 
WPS, WACKER held 80 percent and Air Products, 20 percent. WACKER 
expects APP and WPS to be fully integrated into the Group structures 
by year-end.
As already reported on December 11, 2007, WACKER is to take over 
vinyl acetate/ethylene operations from APP and WPS. Consequently, 
WACKER will take full ownership of the two companies´ activities in 
Allentown (PA, USA), Calvert City (KY, USA), Cologne and Burghausen 
(Germany), South Brunswick (NJ, USA) and Ulsan (South Korea). WACKER 
plans to coordinate this business out of the Lehigh Valley (PA, USA).
In return, Air Products is to receive the production facilities at 
Elkton (MD, USA) and Piedmont (SC, USA), as well as related business 
and a payment of $265 million. WACKER estimates that the acquisition 
will help boost the Group´s 2008 polymer business to about EUR1 
billion.
As the world's leading supplier of dispersible polymer powders for 
construction applications, WACKER expects the acquisition to benefit 
its global polymers business on several strategic fronts. Advantages 
include backward integration at U.S. and Asian dispersion plants, as 
well as the expansion of its supply chain outside the eurozone. In 
addition, WACKER strengthens its portfolio in application areas such 
as adhesives and coatings.
APP and WPS in Brief Air Products Polymers (APP) produces polymer 
dispersions at sites in Germany, South Korea and the USA. It sells 
its products under the Airflex®, Vinac®, Flexbond® and Flexcryl® 
trademarks to industries ranging from adhesives, nonwovens, paints 
and coatings, to building products, paper, carpet and textiles. 
Wacker Polymer Systems (WPS) is responsible for VINNAPAS® dispersible
polymer powders, VINNAPAS® solid resins, PIOLOFORM® B, VINNOL® 
surface-coating resins, VINNEX® binder systems and VINNAPAS® 
dispersions for construction applications. WPS maintains production 
facilities in Germany, China and the USA.
This press release contains forward-looking statements based on 
assumptions and estimates of WACKER´s Executive Board. Although we 
assume the expectations in these forward-looking statements are 
realistic, we cannot guarantee they will prove to be correct. The 
assumptions may harbor risks and uncertainties that may cause the 
actual figures to differ considerably from the forward-looking 
statements. Factors that may cause such discrepancies include, among 
other things, changes in the economic and business environment, 
variations in exchange and interest rates, the introduction of 
competing products, lack of acceptance for new products or services, 
and changes in corporate strategy. WACKER does not plan to update the
forward-looking statements, nor does it assume the obligation to do 
so.
end of announcement                               euro adhoc

Further inquiry note:

Christof Bachmair
Media Relations & Information
Tel. +49 89 6279-1830
E-Mail:christof.bachmair@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard

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