Temporary adjustment of silicon production at Elkem Salten
In order to balance the global silicon market, Elkem will temporary reduce production of silicon by one furnace at Elkem Salten. The adjustment will be initiated from 7 January.
“As a leading global producer of silicon, it is important for us to ensure a sustainable market balance and development. In 2018 prices developed negatively as a result of oversupply. Several production cut-backs have been initiated by other companies during second half of 2018. Further temporary supply adjustments are necessary to balance the market, and we will adjust production at our Salten plant. We will continue to monitor the market closely and realign capacity as soon as market conditions and outlooks improve,” says Trond Sæterstad, Senior Vice President of Elkem Silicon Materials.
For further information:
Trond Sæterstad, Senior Vice President Elkem Silicon Materials, (+47) 917 08 763, firstname.lastname@example.org
Johannes Dobson, Vice President Corporate Communication and Public Affairs, Elkem ASA, (+47) 906 77 262, email@example.com
About Elkem ASA
Founded in 1904, Elkem is one of the world's leading suppliers of silicon-based advanced materials with operations throughout the value chain from quartz to specialty silicones, as well as attractive market positions in specialty ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on the Oslo Stock Exchange and is headquartered in Oslo. The company has 6000 employees with 27 production sites and sales offices in a total of 28 countries worldwide. In 2017 Elkem had revenues of 21.4 billion NOK. To learn more, please visit www.elkem.com