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Recently, WACKER invested about 120 million euros to acquire 60% of the shares of Shandong Sike New Materials Co.
, Ltd.
(Shandong Sike), a specialty silane producer located in Jining, China
.
The two parties signed relevant agreements
"Our new partnership with Shandong Silicon Technology is another step in our continued implementation of the strategy of expanding the share of highly profitable specialty products in WACKER's global silicone business
.
" President and Chief Executive Officer of WACKER Executive Officer Christian Hartel said, “The OFS (organic functional silane) product is not our new product.
He Da also pointed out: “OFS itself is a special product.
We will not only produce this product, but there will be more possibilities to develop new products in the future
.
With the joint venture with Shandong Silicon Technology, we are closer to our customers in China.
Limbaugh, President of Wacker Chemie Greater China, added: “Before this acquisition, we only produced silanes in our own factories in Germany.
We did not produce silanes in India or the United States
.
It is for Wacker to start OFS production in China.
Speaking of the significance of this acquisition, He Da introduced that OFS is a very interesting product and the entire product line is very interesting because it is a bridge between organic and inorganic chemistry
.
For example, WACKER sells hybrid sealants
Currently, WACKER produces and sells organic functional silanes under the GENIOSIL® brand
.
GENIOSIL® brand organic functional silane is a hybrid compound that combines the functionality of reactive organic groups and the inorganic functionality of alkyl silicates in the same molecule
It is reported that Shandong Silicon Technology was established in 2013 and is located in Jining New Material Industrial Park in Shandong Province, China
.
Many organic functional silanes produced by the company are widely used in construction, automobile manufacturing, semiconductor and electronic industries
