Strong first quarter for Elkem
Elkem reports a strong first quarter with solid growth in revenue and profit, benefitting from good market conditions in all segments. The improved result is in particular driven by favourable market conditions in China, but the development is strong also in the other regions. Elkem successfully completed its initial public offering (IPO) and returned as a listed company on Oslo Stock Exchange on 22 March 2018. In connection with the IPO, Elkem completed the acquisition of two Chinese plants, Xinghuo Silicones and Yongdeng Silicon Materials from its principal shareholder Bluestar.