Elkem

Line

• Ole Enger, CEO and President
• Finn Jebsen, Chairman

Elkem ASA is one of Norway's largest industrial companies.

Main products are metallurgical silicon for solar cells and other semiconductor, special alloys for the foundry industry, carbon, microsilica (surcharge for concrete) and energy.

Positioning in the market

Elkem operates more than 40 production facilities in Europe, America and Asia, and 13 hydropower plants in Norway with a capacity of about 3 TWh.

Customers

Its customers include Elkem companies from the construction, transportation, packaging. 80 percent of sales are made ​​in Europe.

Competitor

The main competitors are Elkem Acesita SA, BHP Billiton and Norsk Hydro ASA.

Shareholder

In January 2005, the Norwegian company Orkla ASA Elkem took over. Prior to the American company Alcoa was with a share of 46.5 percent of the dominant shareholder and wanted Elkem completely take over. Eventually, however, took over control of Orkla Elkem by topped up its share from 39.9 to 50.3 percent. Alcoa has made nothing of his shares.

Since the spring of 2005, no Elkem shares be traded on the stock exchange.

After Alcoa has about April 2005 sold its 46.5 % shares in Orkla Orkla and thus > 96% Elkem shares owned, has carried out a squeeze-out of minority shareholders. From Elkem ASA Elkem AS (Ltd.) has become a 100% subsidiary of Orkla AS.

In early 2009, ceded its previously important line " Elkem Aluminium" to Alcoa Elkem.

Subsidiaries

Elkem held 72 percent of the shares in Sapa.

After the acquisition of Orkla Orkla Elkem has also SAPA, about the fall of 2005, took over 100 %.

• Company (Norway )
• Mining companies
• Utilities
• Energy companies (Norway )
• Company (Oslo )