Wacker Posted Record Sales in China in 2022 on Strong Demand and Successful Price Management Strategy

Published: Apr 21, 2023 16:20

Save

Wacker Chemie AG, the Munich-based chemical group registered record sales in China of 2.45 billion euros in 2022 (1.79 billion euros in 2021), a year-on-year increase of 37%.

The sales growth was mainly attributable to strong customer demand for WACKER's products and its successful price management strategy.

Market review Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

Platinum Prices Stop Falling and Rebound, Spot Market Discounts Widen Slightly, Trading Muted [SMM Daily Review]

10 hours ago

12 hours ago

Platinum Group Metals Rebound as Trump Suspends Airstrikes, Rhodium Rises

Following Trump’s post suspending airstrikes recently, platinum group metals (PGMs), which had been under severe downward pressure, staged a sharp rebound. Rhodium halted its streak of consecutive declines and edged higher, with prices hovering around RMB 1,970 per gram. Market participants note that PGMs are currently at a double low in technical indicators and market sentiment, endowing them with upward rebound momentum.

12 hours ago

Silver Price Corrective Rebound, Spot Parity Transactions Quietly Await Guidance [SMM Daily Review]

[SMM Daily Commentary: Silver Price Corrective Rebound, Spot Silver Transactions at Parity Await Guidance] SMM June 12 - The US-Iran tensions have eased, and silver prices rebounded slightly. Affected by the "rush to buy amid continuous price rise and hold back amid price downturn" mentality, transactions in the spot market were concentrated at parity. Going forward, attention needs to be paid to downstream purchase willingness.

12 hours ago