Elkem acquires specialized silicones plant in France

Norway-based silicon and ferro-silicon producer Elkem has signed an agreement to acquire a new plant near Lyon, France, to produce highly specialized organo-functional silicones, the company said on Wednesday February 10.

The exact purchase price has not been disclosed, although the final price ‘is in the low double-digit millions of euros,' Elkem said.
The company expects the plant to start production by the end of 2021 but has not provided any detail on capacity.

Silicones are high-performance polymers consisting of silicon, oxygen and other elements including carbon and hydrogen. Silicones are used in the assembly, electrical integrity and protection of critical parts in cars and have an...

Published

Cristina Belda

February 12, 2021

10:58 GMT

London