OSLO, Norway — Elkem has signed an agreement to acquire a brand-new plant near Lyon in France, custom-designed for producing highly specialized organo-functional silicones (OFS). The acquisition underpins Elkem’s strategy of growth and specialization. Production is expected by the end of the year.
“With this acquisition, Elkem continues to deliver on our growth and specialization strategy. This new plant will enable us to more quickly extend our offerings within advanced high-value products for attractive specialty markets, further strengthening our position as one of the world’s leaders in fully integrated silicone manufacturing," said Michael Koenig, CEO of Elkem.