As you have perceived, the Silicone Rubber market is currently facing important challenges related to shortage of raw materials, limited production capacity and price increases up to 30%, while demand keeps rising.
In this challenging context we would like to thank our customers who understood our price adjustments & secured 2018 volumes with us. Together we aspire to build long term partnerships, develop a collaborative supply-chain and design services creating value for you and us. Elkem Silicones assures you that we are doing our best to supply you given market conditions and limiting as far as possible price increase effect.
Thank you for the confidence you place in Elkem Silicones and your engagement for next year.
As Elkem Silicones aims at connecting with its customers, further news will be shared with you on a quarterly basis.
Mehdi ABBADI, Global Business Manager for Silicone Rubber
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About Elkem Silicones
Elkem Silicones has more than 3100 employees dedicated to providing silicone solutions with a personal touch helping to deliver your potential. A division of the Elkem Group, Elkem Silicones is one of the world's leading fully integrated silicone suppliers, operating 10 multi-functional manufacturing sites and 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. Learn more at www.silicones.elkem.com
About Elkem Group
Headquartered in Norway, Elkem Group is one of the world's leading providers of environmentally responsible silicon-related materials. The Elkem Group is active in both the solar value chain through REC Solar (www.recgroup.com) and silicon value chain through Elkem's four business areas, Elkem silicon materials, Elkem silicones, Elkem foundry products and Elkem carbon. Elkem Group has an annual revenue of 2.6 billion Euros, 29 production sites and about 8500 employees around the world. Learn more at www.elkem.com.