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Beskrivning

LandNorge
ListaOB Match
SektorMaterial
IndustriPlast, kemikalier & fetter
Elkem är ett industribolag. Bolaget framställer metaller och polymerlösningar som används bland industrikunder. Störst andel av produktionen består av silikon, kisel, gjutjärn samt olika kolmaterial. Specialistkompetensen återfinns inom processtyrning och produktion av kolhaltiga material vid extrahering av kisel från kvarts. Idag innehas verksamhet på global nivå, med störst närvaro inom Norden, Asien och Sydamerika.
2022-06-22 14:00:13
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 Vice President for Operations in
Elkem's Silicones division and Director of the Asia-Pacific region. He has
significant leadership experience from China National Bluestar and holds an
engineering degree from Central South University. This follows the previously
announced appointment of Frederic Jacquin as Elkem's Senior Vice President for
Strategy & Business Development from 1 March 2022.

Elkem is a fully integrated producer from silicon metal to upstream siloxane and
downstream silicone specialties. The Silicones division in Elkem has more than
4400 employees, 14 multi-functional manufacturing sites and 13 research and
innovation centres around the globe. It offers a full range of silicone
solutions for diverse specialty markets, and in 2021 delivered revenues of NOK
17.4 billion.

"Elkem is one of the world's leading suppliers of silicon-based advanced
material solutions shaping a better and more sustainable future, and we are
proud to be a global leader in fully-integrated silicone manufacturing. Elkem
pursues a strategy of growth through operational excellence and increased
specialisation, and this will continue in the Silicones division under Larry's
strong leadership. Silicones will also continue to develop and grow both in
China and the rest of the world, supported by megatrends such as the green
transition and the rise of middle class worldwide. I know Larry as a committed
business leader and I very much look forward to having him as a member of
Elkem's corporate management team. With this change, our corporate management
represents five nationalities from three continents, further reflecting Elkem's
diverse global organisation," says Elkem's CEO Helge Aasen.

Due to its wide range of application areas, silicone solutions are used in a
large number of products and industries, including manufactured goods,
construction materials, electronics and consumer items. An electric vehicle
contains on average four times more silicones than a traditional car, as the
insulation material of choice for EV battery cables. Silicones also enable CO2
reductions equal to nine times the emissions from production and end-of-life.

In April 2021, the Elkem board approved a NOK 3.8 billion strategic expansion of
the Xinghuo Silicones plant in China to strengthen Elkem's position in the
fastest growing silicones market and to further support the specialisation
strategy. In addition to supporting ElkemŽs specialisation and growth strategy,
the project will also significantly improve Elkem's overall cost position and
environmental profile based on state-of-the-art technology.

In July 2021, Elkem announced the official opening of its new EUR 25 million
Research & Innovation Centre in Saint-Fons in Lyon's "Chemical Valley" in
France, hosting 120 researchers to work on innovations in partnership with
customers, mainly in the fields of the circular economy, digitalisation,
consumer goods, living comfort and new materials for energy and mobility. Elkem
also announced, in October 2021, a EUR 36 million capacity extension of its
upstream silicone intermediate units in Roussillon in France, which in February
2022 received financial support from the French government.

For further information, please contact:

Fredrik Norman
VP Corporate Communications & Public Affairs
Tel: +47 918 66 567
E-mail: fredrik.norman@elkem.com

Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no

About Elkem

Elkem is one of the world's leading providers of advanced material solutions
shaping a better and more sustainable future. The company develops silicones,
silicon products and carbon solutions by combining natural raw materials,
renewable energy and human ingenuity. Elkem helps its customers create and
improve essential innovations like electric mobility, digital communications,
health and personal care as well as smarter and more sustainable cities. With a
strong track record since 1904, its global team of more than 7,000 people has a
joint commitment to stakeholders: Delivering your potential. In 2021, Elkem
obtained a Platinum score from EcoVadis, which rated the company among the
world's top 1% on sustainability transparency, and the company achieved an
operating income of NOK 33.7 billion. Elkem is listed on the Oslo Stock Exchange
(ticker: ELK). www.elkem.com