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Wacker To Buy Out Joint Venture

Wacker-Chemie will purchase all the shares from the Wacker NSCE (WNC) joint venture currently owned by Nippon Steel (NSC) by September 30, 2003. NSC owns 45% of the outstanding shares in WNC.
Wacker-Chemie will purchase all the shares from the Wacker NSCE (WNC) joint venture currently owned by Nippon Steel (NSC) by September 30, 2003. NSC owns 45% of the outstanding shares in WNC.


As a result of the transaction, Wacker-Chemie group will assume full ownership. Wacker-Chemie says the move is in response to silicon wafer market demand, particularly in Japan.


In addition to the purchase of WNC shares, Wacker-Chemie group will undertake appropriate adjustments in respect of the production capacities of its silicon wafer business.


These adjustments include closing the 150mm operation of the WNC plant in Hikari around the middle of 2004, transfering the orders to other plants. WNC Malaysia will also close a 200mm operation by the end of 2003, transferring the orders to WNC Hikari.


WNC will also make efforts to increase sales of high value-added products such as argon-annealed wafers and silicon-on-insulator (SOI) technology. In the future, WNC may expand its business to include introduction of 300mm wafer lines in Hikari.



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