Elkem ASA - Company Profile
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Elkem ASA (Elkem), a subsidiary of Bluestar Elkem International Co Ltd SA, is a provider of advanced silicon-based materials. The company focuses on developing silicones, silicon products, and carbon solutions. It offers silicone polymers, silicone oils, chlorosilanes, silicone fluids, silicone resin, silicone compounds, silicone grease, silicone emulsion, liquid silicone rubber, high consistency rubber, silicon powder and micronized silicon, silica fume and microsilica, ferrosilicon, grain refiner, polycrystalline silicon ore and others. The company's brands include Elkem, and Microsilica. It serves solar, aluminum, automotive, chemical, refractory and ceramics, electronic, engineering, building and construction and oilfield industries. Elkem is headquartered in Oslo, Norway.
Headquarters
Norway
Address
Drammensveien 169, Oslo, 0277
Website
www.elkem.com
No of Employees
7,032
Industry
Chemicals
Ticker Symbol & Exchange
ELK (OSL)
Revenue (2024)
$1.6B
-7.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-237.2%
(2024 vs 2023)
Market Cap*
$1.1B
Net Profit Margin (2024)
XYZ
-248.0%
(2024 vs 2023)
* As of and is in US$
Elkem ASA premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Silicones: | Elkem |
| Lower Carbon and Circular Silicone Materials | Microsilica |
| Chlorosilanes | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company signed an agreement with Statkraft to secure a competitive and predictable electricity supply for Elkem’s plant in Bjolvefossen, Norway. |
| 2026 | Contracts/Agreements | In June, the company and Milliken & Company entered into an agreement under which Milliken will serve as Elkem’s North American distributor for select silane and siloxane materials. |
| 2026 | Divestiture | In April, the company sold the majority of its Silicones division to Bluestar. |
Competitor Comparison
| Key Parameters | Elkem ASA | Norsk Hydro ASA | Yara International ASA | Eramet Norway | Ferroglobe Mangan Norge AS |
|---|---|---|---|---|---|
| Headquarters | Norway | Norway | Norway | Norway | Norway |
| City | Oslo | Oslo | Oslo | Porsgrunn | - |
| State/Province | - | Oslo | Oslo | - | - |
| No. of Employees | 7,032 | 31,618 | 15,702 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Bo Li | Chairman | Executive Board | - | - |
| Dag Jakob Opedal | Vice Chairman | Executive Board | 2022 | - |
| Helge Aasen | Chief Executive Officer | Senior Management | 2021 | - |
| Morten Viga | Chief Financial Officer | Senior Management | 2006 | - |
| Morten Magnus Voll | Senior Vice President - Strategy and Business Development | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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