Wacker, a leading player in the chemical and biotech industry, has announced its financial results for Q3 CY2024.

he chemical company generated sales of around EUR 1.43 billion in the reporting quarter (Q3 2023: EUR 1.52 billion), down 6 percent. This decline was mainly due to significantly lower volumes sold by the Polysilicon division. Compared with Q2 2024 (EUR 1.47 billion), sales decreased 3 percent.

The EBITDA (earnings before interest, taxes, depreciation and amortisation) came at EUR 152 million (Q3 2023: EUR 152 million), EBITDA margin was 10.6 percent, after 10 percent a year earlier and 10.9 percent a quarter earlier. The net income for the reporting quarter amounted to EUR 34 million (Q3 2023: EUR 34 million).

Wacker has confirmed its full-year forecast for 2024. Its sales guidance remains in the range of EUR 6 billion to EUR 6.5 billion. EBITDA is likely to come in between EUR 600 million and EUR 800 million; it continues to expect it to be in the upper half of this range.

Christian Hartel, Group CEO, Wacker, said, “The economic environment and the level of demand in the chemical industry remain challenging for Wacker. In view of this, the strong performance in our chemical business is impressive. Despite considerable headwind here, our earnings after the first three quarters of this year are higher than in the previous year.”

“Many companies with direct sales to end consumers have curbed their production: the automotive and construction industries in particular are weak at the moment. This has repercussions for us,” continued Hartel.

In view of the current business trend, he stated that ‘the majority of its customers are continuing to exercise caution when placing orders because they are facing weak demand.”

He further explained that the lower demand for solar-grade polysilicon had impacted Wacker’s Polysilicon division.

“The USA’s ongoing antidumping investigations into solar imports from some countries in Southeast Asia has led to market uncertainty. By contrast, the hyperpure semiconductor-grade polysilicon business performed well. This shows that our long-term strategy is paying off.”

Wacker is said to have focused firmly on efficiency and cost discipline for some time now in order to tackle the challenges posed by the ongoing difficult market environment.

The CEO remains optimistic about the company’s long-term prospects.

“We confirmed our growth and sustainability targets for 2030 at our Capital Markets Day in mid-September. We are investing extensively to be able to meet the needs of our customers in the various industries and regions. Even though we are currently in a difficult economic environment, we are convinced that we are well positioned for the future: we have a committed team of experts, high innovative strength, and products and solutions that address the megatrends of our time,” he said.

To grow even further, Wacker is pursuing a comprehensive investment program to expand its capacities in all its business divisions and regions

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The German Rubber Industry Association (wdk) has sounded an alarm over an exceptionally difficult economic situation facing the rubber sector. Soaring raw material prices and persistently high energy costs, exacerbated by the Iran war, are coinciding with weak industrial demand. wdk Chief economist Michael Berthel noted an almost unprecedented economic disparity, as raw material costs approach historical highs from 2011 and 2022 while a lack of demand prevents any offset for manufacturers.

Since the final quarter of 2025, prices for key inputs have risen sharply. Natural rubber has jumped more than 40 percent within months, while butadiene-based synthetic rubbers have increased over 30 percent. EPDM synthetic rubber, carbon black and oil-based plasticisers have all risen more than 20 percent, with some individual chemicals exceeding 40 percent cost growth in just a few weeks.

Energy prices remain a major burden, with Middle East developments fuelling market uncertainty. Risks to international transport and supply chains persist, and German rubber companies are closely watching potential impacts on raw material availability and global logistics flows.

Berthel warned that firms face mounting pressure from high costs, geopolitical instability and structural disadvantages in Germany, with no short-term relief in sight. The industry depends heavily on fair and reliable partnerships across the value chain, as processing companies alone cannot absorb the current strain. He called for fair solutions and a shared understanding of this exceptional situation.

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The Rubber Board of India has confirmed the continuation of all existing central sector schemes for the 2026-27 fiscal year at unchanged rates. Financial aid for new planting will be restricted to estates utilising poly bag or root trainer plants sourced solely from Board-approved nurseries, with applicants required to submit the original purchase bill. This mandatory verification step aims to ensure quality and authenticity of planting materials used across the sector.

Support for rain guarding and spraying operations will be channelled exclusively through Rubber Producers’ Societies. These societies must include GST bills for all acquired materials when applying. The official timeline for submitting applications will be announced separately by the Board, giving producers adequate time to prepare documentation and coordinate with their respective societies before the deadline.

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The Rubber Board of India has announced a temporary engagement for a young professional within its Market Promotion Division, located at the RRII campus in Puthuppally, Kottayam. The selected individual will assist with division activities and promote ‘mRube’, the electronic trading platform for natural rubber.

Candidates must hold an MBA in Marketing or Agri Business Management with computer knowledge, while skills in digital marketing, sales or market research and proficiency in English and Hindi are preferred. Applicants aged up to 30 years as of 1 May 2026, will be considered for the one-year role, which offers a consolidated monthly pay of INR 25,000.

Interested individuals should send their applications to the Deputy Director (Marketing) at the Central Laboratory Building, RRII, Rubber Board PO, Kottayam – 686009 by 19 May 2026. Shortlisted names will appear on the Rubber Board’s website with interview details, as no separate communication will be sent.

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Bekaert has officially finalised its acquisition of Bridgestone’s tyre reinforcement operations in China and Thailand, after securing all necessary regulatory approvals and meeting standard closing conditions. The deal, now fully completed, marks a significant step in the Belgian company’s expansion strategy.

The transaction brings under Bekaert’s control two production facilities: Bridgestone (Shenyang) Steel Cord Co., Ltd. in China and Bridgestone Metalfa (Thailand) Co., Ltd. in Thailand. These plants specialise in manufacturing high-quality tyre cord products exclusively for Bridgestone tyres, and they will continue to supply Bridgestone under the new ownership, further deepening the longstanding partnership between the two firms.

Financially, the acquisition is expected to add roughly EUR 80 million to Bekaert’s annual consolidated sales. The EUR 60 million cash consideration for the deal was funded from the company’s available cash reserves.

Curd Vandekerckhove, CEO Rubber Reinforcement, said, “With the completion of this acquisition within our Rubber Reinforcement division, we are pleased to officially welcome the plant teams in China and Thailand to Bekaert. Our immediate focus is on a smooth transition and operational continuity while continuing to serve Bridgestone as a key strategic partner. The completion of the acquisition further strengthens the position of Bekaert in the tyre cord market, expands the global manufacturing footprint and deepens our longstanding partnership with Bridgestone. A long-term supply agreement ensures continued delivery of high-quality tyre reinforcement within a trusted supplier model.”

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