Elkem Company Overview and Financials
Strategic investment to fortress and grow production
footprint and accelerate specialisation
Overview of expansion
✓ Sustainable platform for long-term growth
Significant capacity expansion to position Elkem for future growth
Enables expansion and development of downstream capabilities
Key selected highlights
Total
investment
MNOK 3,8001
-2/3 of the total investment expected to be evenly distributed
over the next years until end of 2022 and the remaining ~1/3
expected to also be evenly distributed over 2023 and 2024
New silox
production facility
located within
Elkem current site
117ktpa
(net capacity)
✓ Leading cost position
■
Among top 3 in China and world class on cost, safety and quality
■ Further enhanced cost position resulting in improved over-the-cycle
profitability
Xinghuo
Elkem 1) Includes financing costs
EBITDA
margin (%)
+35%
✓ Specialisation enhanced by improved quality
■ Enhanced purity of output enables high-value specialisation
Opens downstream business opportunities with long-distance transport of
core products
Final investment
decision
26th of April 2021
Production
start-up
H1 2024
Capacity
increase
~50% (+117ktpa)
✓ Reduced emissions
■ Substantial improvement compared to existing technology due to energy and
raw materials efficiency as well as less solid waste
Production
2024: 82ktpa
profile
2026: 117ktpa (full capacity)
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