Elkem initiates strategic review of the Silicones division
Oslo, 23 January 2025 Elkem ASA (“Elkem” or the “Company”) has initiated a strategic review of the Silicones division (“Silicones”). The review is initiated with a target to streamline Elkem, as well as to enable allocation of capital to accelerate growth in the Silicon Products and Carbon Solutions divisions. The decision by the Company to initiate the strategic review follows a thorough assessment of the growth and return prospects of Elkem, as well as its capital allocation strategy and the market dynamics in the silicones business. Silicones is a fully integrated global leader in