Delivering on growth and profitability – strategic expansion in China
In the first quarter of 2021, Elkem delivered all-time high operating income and the best quarterly result since the third quarter 2018. The strong results reflected Elkem’s growth and specialisation strategy in a market with attractive fundamentals and its strong culture for operational excellence. On 26 April, Elkem approved a strategic expansion in China, the world’s fastest-growing silicones market. The NOK 3.8 billion project will further support Elkem’s growth and specialisation strategy. Elkem’s total operating income for the first quarter 2021 was NOK 7,193 million, which was