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Wacker receives 2009 Cologne chemical-industry prize
Sep '09
The Munich-based chemical company WACKER was awarded the Cologne Chemical-Industry Prize by Germany's Association of Chemical Industry Executives (VAA).

WACKER received this prize due to the outstanding satisfaction grades given by its management employees. The jury's decision was based on a 2009 VAA survey – conducted for the eighth time now – of satisfaction among over 2,000 management and executive personnel at 26 major German chemical and pharmaceutical companies.

At the Cologne MediaPark award ceremony, Dr. Thomas Fischer, chairman of the VAA, and Friedrich Überacker, head of the Rhineland branch of the chemical-industry employers' association, praised WACKER's corporate culture. “The Cologne Chemical-Industry Prize is something special. Employees themselves honor a company which, via its personnel policies, has created a good work atmosphere for top performance in the chemical industry,” said Fischer. He underscored the fact that WACKER's strategy is not only oriented toward short-term trends and analysts' emphasis on quarterly results. Instead, the focus is more on sustainable and continual development. Fischer: “Key staff recognize and reward this approach accordingly.”

Dr. Wilhelm Sittenthaler, Personnel Director and Wacker Chemie AG Executive Board member, thanked the jury for the award. “I am very proud to be able to accept this prize. That we should receive the Cologne Chemical-Industry Prize at a time when our relationship with managerial employees is truly being tested due to the current economic situation is even more rewarding for us.” Sittenthaler stressed that he was accepting the prize on both the company's and, in particular, its employees' behalf. “After all, they are the ones who have earned this prize through daily dealings with their colleagues and staff.”

Germany's Association of Chemical-Industry Executives (VAA) represents the interests of about 27,000 managers from all professional areas in the German chemical and pharmaceutical industries and related sectors and essentially covers chemical and pharmaceutical-industry executives.

Wacker Chemie AG

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