Elkem

Elkem is a company that produces silicones, silicon, alloys for the foundry industry, carbon and microsilica, and other materials. Elkem was founded in 1904, has more than 7,000 employees and fields 30 production sites worldwide. Elkem has an operating income of NOK 33.7 billion. Elkem is responsible for a total of 2.52 million tonnes of scope 1 emissions in 2021. Elkem is listed on the Oslo Stock Exchange (ticker: ELK).

Elkem manufactures silicone and carbon products.

History
Elkem was founded in 1904 by the industrial entrepreneur Sam Eyde (1866 – 1940). In 1917 a ferroalloy plant was acquired and Elkem started production of the Söderberg electrode.

In 1972 the company merged with Christiania Spigerverk. In 1981-84 Elkem acquired Union Carbides plants in Norway and North America and in 1986 the plants at Thamshavn and Bjølvefossen. In the 2000s Elkem had acquired Icelandic Alloy, Remi Claeys Aluminium and Sapa.

In January 2011 Elkem was sold to China National Bluestar Group.

As of 31.12.2021, the China National BlueStar-controlled company Bluestar Elkem Int.Co.LTD S.A is Elkem's largest shareholder, with 52.91% of the shares, ahead of Folketrygdfondet (4.59%) and Alfred Berg Kapitalforvaltning (3.51%)