Following other major silicon wafer supplier’s declining sales to the semiconductor industry in recent quarters, Siltronic has reported a 64% decline Year-on-Year in sales and a EBITDA loss of €60 million. Parent company, Wacker Chemie said it was expecting significantly lower sales and earnings with the prior-year figures.
The bright spot for Wacker is polysilicon sales and capacity expansions due to the demand in the solar industry, despite economic conditions.
Polysilicon revenue on a quarterly basis exceeded €300 million for the first time and EBITDA rising by 136%. Polysilicon was the largest contributor to Q1 2009 sales and earnings, Wacker said.
Polysilion expansion plans would seem to be on target. Wacker spent approximately €100 million in the quarter to boost future capacity at its Burghausen and Nünchritz facilities.