MOSCOW (MRC) -- Wacker Polymers, a subsidiary of Wacker Chemie, has announced that Peter Summo (48) took over as president of Wacker Polymers effective October 1, 2016, as per the company's press release.
He succeeded Arno von der Eltz, who retired on this date. Summo had previously headed the Engineering Silicones business unit at Wacker Silicones.
Peter Summo studied business administration in Augsburg, Germany. He subsequently worked at Akzo Nobel - a producer of specialty chemicals - in the area of product marketing, before joining WACKER in 1995. After positions as a sales manager in England and Executive Board advisor at Corporate Development in Munich, he transferred to the Wacker Polymers division. In 2005, he took over as head of the Construction Polymers business unit and was responsible for the Dispersions & Resins business unit as of 2011. Since 2013, Peter Summo has headed the Engineering Silicones business unit at the Wacker Silicones division.
As MRC informed earlier, in 2013, Wacker Chemie AG officially launched its new production plant for ethylene-vinyl-acetate copolymer (EVA) dispersions at its Ulsan site in South Korea. The additional 40,000 tonnes from the second reactor line increases the site's EVA-dispersion capacity to a total of 90,000 tonnes per year. The production capacity of the site has, thus, almost doubled, making the plant complex one of the biggest of its kind in South Korea.
Wacker Chemie AG is a worldwide operating company in the chemical business, founded 1914. The company is controlled by the Wacker-family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas. The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for semiconductor industry.
MRC