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20.07.2007 – 16:09

Wacker Chemie AG

euro adhoc: Wacker Chemie AG
Strategic management decisions
WACKER und SCHOTT in talks about joint venture to produce solar wafers

--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------

establishment of joint ventures


Munich / Mainz, 07/20/2007 - Wacker Chemie AG and SCHOTT Solar GmbH, a subsidiary of  SCHOTT AG, intend to set up a joint venture to produce silicon wafers for solar applications. Negotiations are well advanced. The joint venture could start production of multicrystalline silicon ingots and solar wafers, which are a precursor for solar cells, this year. Solar wafer production capacity is targeted to reach about one gigawatt per year by 2012. WACKER and SCHOTT shall each hold a 50 percent equity stake in the joint venture.

end of announcement                                                 euro adhoc 20.07.2007 15:33:41

ots Originaltext: Wacker Chemie AG
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Branche: Chemicals
ISIN:      DE000WCH8881
WKN:        WCH888
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