MOSCOW (MRC) -- Wacker Chemie said that it is establishing a new subsidiary in Bogota and opening a new technical center for construction applications, as per company's press release.
The technical facility serves as a development and testing laboratory for dispersible polymer powders, which are used as binders in the regional building industry.
"Latin America is a promising market for WACKER. Demand for chemical raw materials, especially our dispersible polymer powders, has risen noticeably over recent years," says David Wilhoit, head of Wacker Chemical Corporation, the subsidiary which is responsible for the North and Latin American regions. "With the new subsidiary and technical center, we are further expanding our strong market position in the Andean region. This will allow us to optimally support our local customers and partners."
As MRC informed earlier, Wacker Group has expanded its production capacity for functional silicone fluids at its Burghausen site. With the new expansion stage, which came on stream in early January, Wacker is meeting the rising global demand for specialty fluids and silicone emulsions in the coatings, paper, textile, cosmetics and personal care industries. Functional silicone fluids serve as important precursors here. Investments in the expansion amount to around EUR26 million.
Wacker Chemie AG is a worldwide operating company in the chemical business, founded 1914. The company is controlled by the Wacker-family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas. The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for semiconductor industry.
MRC