On December 2nd, Elkem Foundry China has achieved another amazing new record. For the first time ever and in the history of Elkem Foundry China, we have sold more than 20,000 metric tons of foundry alloys within a single year. We are on track for our most successful year ever and expecting an about over 30% growth compared to last year.
Elkem Foundry Division has been growing quickly and aggressively in the past few years within the China market, even against the deteriorated market conditions, proving that our business model is successful in this unique and growing market! We are reaching more and more customers all over China with our innovative metal treatment solutions.
The strong performance is fueled by a combination of an inspired team, really hard work and a dedicated strategy. By continuing to demonstrate the value that we are offering in an active and innovative way, Elkem Foundry China is progressing well towards the 2020 strategy target.