MOSCOW (MRC) -- Wacker Chemie AG’s Supervisory Board re-appointed Christian Hartel (51) for another five years as President and CEO. He has been CEO since 2021 and his current Executive Board contract expires on October 31, 2023, said the company.
Dr. Christian Hartel studied chemistry at the University of Constance and did his Ph.D. at the universities of Geneva and Frankfurt am Main. Having joined Wacker Chemie AG in 2003, he initially worked at the Corporate Development department. After various managerial positions in WACKER FINE CHEMICALS and WACKER SILICONES, he became head of Raw Materials Procurement in 2010. In 2012, he became President of WACKER SILICONES.
Christian Hartel was appointed to WACKER’s Executive Board in 2015 and has been its President and CEO since May 2021.
As per MRC, Wacker Chemie AG is accelerating the expansion of its production capacities. Investment projects to this end are either in the planning stage or are nearing completion. Significant capacity expansions for liquid silicone rubber (LSR) will be available in the second half of this year, and will come into full effect in 2023. Increasing production volumes for high con¬sistency rubber (HCR) are also scheduled. With expansion measures at several other sites, Wacker will gradually in¬crease its capacities for HCR and LSR grades significantly in the next few years. Over EUR100 million have been earmarked for this capacity boost.
Wacker Polymers is a leading producer of state-of-the-art binders and polymeric additives based on polyvinyl acetate and vinyl acetate copolymers and terpolymers. These take the form of dispersible polymer powders, dispersions, solid resins, and solutions. They are used in construction chemicals, paints and surface coatings, adhesives, sealants, carpet applications and nonwovens, as well as in fiber composites and polymeric materials based on renewable resources.
Wacker Polymers operates production sites in Germany, China, South Korea and the USA. The business division also maintains a global sales organization and runs technical centers in all key regions.