2026-07-10 Elkem released its second quarter 2026 results

Jul. 10, 2026 - Elkem reported an EBITDA of NOK 523 million for the second quarter 2026, a decline from NOK 645 million in the corresponding quarter last year. The reduction was mainly explained by lower sales prices for silicon. Elkem’s transformation continues to build momentum. The organisational streamlining is co...

2026-07-03 Dag Teigland appointed chief executive officer of Elkem as Helge Aasen transitions to chairman of the board

Jul. 3, 2026 - Elkem ASA announces that Dag Teigland has been appointed chief executive officer (CEO) by the board of directors, effective 3 August 2026. Helge Aasen, who has served as CEO of Elkem since 2009, will step down from his role and assume the position of chairman of the board. Dag Teigland ...

2026-03-19 Elkem announces new corporate structure

Mar. 11, 2026 - Elkem ASA (“Elkem” or the “Company”) is further strengthening the Company’s competitiveness and financial resilience by introducing a new corporate structure and reducing working capital and annual costs following the approval of the announced Silicones transaction. These cash optimising measure...

2026-02-13 Elkem to sell majority of Silicones division to Bluestar

Feb. 13, 2026 - Elkem ASA announced an agreement to sell the majority of the Silicones division to Bluestar to create a focused, globally-leading metals and materials producer. "Since its founding more than 120 years ago, Elkem has consistently optimised its portfolio to adapt to changing market dy...

2025-10-22 Elkem curtails ferrosilicon production in Norway and Iceland

Oct. 20, 2025 - Elkem ASA has decided to partially curtail ferrosilicon production at the plants in Rana, Norway and in Iceland due to challenging market conditions. The curtailment may result in temporary layoffs of employees. "We have decided to temporarily curtail production due to ongoing weak mar...

2023-12-21 Elkem postpones start-up of Iceland furnace

Dec. 21, 2023 - Elkem will postpone the start-up of its furnace 3 on Iceland by one month. This follows a notice from the national power company about the need for electricity curtailment for large energy users due to low water levels in key hydropower reservoirs. Elkem’s furnace 3 on Ice...

2023-11-01 Elkem: weak profitability due to weak markets and one-offs

Nov. 1, 2023 - Elkem’s profitability in the third quarter 2023 was impacted by weak markets and negative one-off effects, including changes to the CO2 compensation scheme in Norway. Relevant measures are taken to reduce costs and adjust investment plans to reflect the weak market conditions. Elkem is well positione...

2023-06-10 Elkem acquires VUM to further expand customer offering in Carbon Solutions

Jun. 10, 2023 - Elkem ASA has acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute with an additional turnover of around ...

2023-03-02 Elkem York receives the York County Manufacturer of the Year Award

Mar. 2, 2023 - The Elkem York manufacturing sites proudly receive the award for “York County Manufacturer of the Year” at the York County Regional Chamber’s Annual Awards Celebration held in Rock Hill, SC on the 16th of February. Graham Berrill, Operations Director AMS and a group of Elkem colleagues...

2023-02-08 Fourth quarter 2022 concludes a record year for Elkem

Feb. 8, 2023 - In the fourth quarter 2022, Elkem delivered a good result, based on strong performance from the Silicon Products division and the Carbon Solutions division. The quarter concludes a strong year for Elkem with an all-time high operating revenue and result. The board has proposed a dividend of NOK 6...

2023-02-02 Elkem curtails production capacity at Bremanger in Norway

Feb. 2, 2023 - Elkem has decided to partially curtail its production at Bremanger in Norway by temporarily shutting down one furnace. This is due to lower silicon sales and high power prices. The decision will have no impact on customers or employees. Elkem’s plant in Bremanger manufactur...

2023-02-01 Elkem expands production capacity for carbon solutions in Brazil

Feb. 1, 2023 - Elkem has decided to invest around NOK 200 million to increase its production capacity in Brazil for pitch, a raw material for electrode paste to industrial smelters. The investment is based on well-known technology and constitutes an expansion of a running Elkem facility, thereby fur...

2023-01-18 Elkem announces change in corporate management

Jan. 18, 2023 - Morten Magnus Voll has been appointed as Elkem's Senior Vice President (SVP) for Strategy and Business Development. He replaces Frederic Jacquin who has decided to take on a senior leadership role in Adisseo, a Sinochem Group company. Morten Magnus Voll will start in his role as...

2022-10-26 Elkem releases strong results in Q3 despite weaker market conditions

Oct. 26, 2022 - In the third quarter 2022, Elkem delivered strong quarterly results despite weaker market conditions. The Silicon Products division and the Carbon Solutions division continue to deliver excellent results due to superior cost and market positions. Elkem’s plants continue to operate at full capacity, r...

2022-09-14 Elkem, Hydro and Altor complete transaction to further develop Vianode

Sep. 14, 2022 - Vianode recently announced a transaction where Hydro and Altor Equity Partners each will acquire 30% ownership in Vianode, while Elkem will retain the remaining 40% ownership. The transaction is now approved by competition authorities, providing Vianode with significant backing to accelerate the indu...

2022-07-19 Elkem releases second quarter 2022 result

Jul. 19, 2022 - In the second quarter 2022, Elkem delivered the 7th consecutive quarter with improved EBITDA results, again reaching a new all-time high. The results were particularly driven by strong performance for the Silicon Products division. In addition, the Carbon Solutions division posted their best quar...

2022-07-05 Elkem appoints new SVP for Silicones division

Jul. 5, 2022 - Larry Zhang has been appointed as the new Senior Vice President for Elkem’s Silicones division, a leading global player in fully integrated silicone manufacturing. He will step into the role with immediate effect and be based in Shanghai, China. Mr. Zhang comes from the position as the V...

2022-06-22 Elkem acquires KeyVest to grow specialty business in refractories

Jun. 22, 2022 - Elkem ASA has entered into an agreement to acquire KeyVest Belgium S.A, a specialist company in the sourcing of materials and production of metal powders to the refractory industry and other segments including advanced ceramics. This will expand Elkem’s product portfolio and create a platform for fur...

2022-05-02 Elkem reaches high result in Q1 2022

May 2, 2022 - In the first quarter 2022, Elkem’s results again reached all-time high, especially driven by strong performance in the Silicon Products and Carbon Solutions divisions. Elkem has benefitted from high prices and good demand in key markets. Broader industry conditions also include challenges du...

2022-04-06 Elkem, Hydro and Altor partner to accelerate growth of Vianode

Apr. 6, 2022 - Elkem, Hydro and Altor (Altor Fund V) today announced a partnership with the intention to accelerate the growth of Vianode, a producer of sustainable battery materials. An investment decision for a potential first-phase plant at Herøya, Norway, is expected in the first half of 2022. Vianode has ...