Elkem ASA has now closed the previously announced
acquisition of Polysil, a leading Chinese silicone elastomer and resins
"Polysil's products and market positions in food, baby care, electronics and medical markets are complementary to Elkem. There is significant potential in utilising Polysil's high-end liquid silicones rubber and pressure sensitive adhesives specialty positions and in further developing both products and markets. Polysil's strong research and development capabilities will be very important for development of products for both the Chinese market and globally. This is even more important in the current crisis macro environment, as a vast majority of Polysil's activities are non-impacted negatively by the virus" says Frederic Jacquin, Senior Vice President for Elkem's Silicones division.
Read the complete Press Release to get more information.
About Elkem Silicones
Elkem Silicones has more than 3,100 employees dedicated to providing silicone solutions with a personal touch that delivers your potential. Elkem Silicones, a division of Elkem, is one of the world's leading fully integrated silicone suppliers, operating 11 multi-functional manufacturing sites and 12 R&D centers around the globe. Based in Lyon, France, Elkem Silicones offers a full range of silicone technologies for diverse specialty markets including aerospace, automotive, construction, consumer goods, energy, healthcare, paper, personal care and textiles. Visit our website www.silicones.elkem.com for more information.
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 (ticker code: ELK) and is headquartered in Oslo. The company has more than 6,370 employees with 29 production sites and an extensive network of sales offices worldwide. In 2019 Elkem had revenues of NOK 22.7 billion. To learn more, please visit www.elkem.com