Munich — Wacker Chemie AG has some welcome news for silicone rubber processors, saying that it will increase global capacity of the material over the next several years.
The company said on May 24 it would increase both LSR and HCR production "significantly."
Wacker has invested more than $107.3 million in the expanded capacity projects, which are set to occur at facilities around the globe, including one in Adrian, Mich. The investments are in concert with previously stated growth targets.
The company intends to increase growth in its chemical divisions by focusing on product specialties, especially silicone rubber product specialties.
"Silicones are high-performance materials," said Robert Gnann, head of Wacker Silicones business division. "They are essential for state-of-the-art product solutions and are among the innovation drivers in key industrial sectors such as automotive, electronics and medical."
Due to their product and processing benefits, demand for silicone rubber has grown significantly.
"Silicone rubber is strategic for us. As the world's second largest silicone manufacturer, we are committed to supporting this dynamic growth even more strongly in the future," Gnann said.
Wacker said more LSR "will be available the second half of this year, and will come into full effect in 2023."