Elkem acquires VUM to further expand customer offering in Carbon Solutions
Elkem ASA has acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute with an additional turnover of around NOK 360 million per year.VUM was founded in 1954 and currently has around 65 employees at a plant located near the town of Žiar nad Hronom in the centre of Slovakia. The company is an independent producer of carbon-based materials for industrial smelters, including anode paste, electrode paste