Sinochem News News on October 27, the German chemical group Wacker announced that it would invest about 120 million euros to acquire 60% of the shares in Shandong Siike New Materials Co.
, Ltd.
, a special silane producer
.
The two parties signed the relevant agreement on the same day, and the transaction is expected to be completed in the first half of 2022
.
Shandong Silicon Technology was founded in 2013 and is located in Jining New Material Industrial Park, Shandong.
Many organic functional silanes produced by the company are widely used in construction, automobile manufacturing, semiconductor and electronics industries, with sales of 54 million euros in 2020
.
