Elkem completed its IPO on March 22, 2018, and simultaneously acquired two Chinese plants to enhance its production capabilities in the growing silicone market.

Information on the Target

Elkem, a leading global supplier of silicon-based advanced materials, successfully completed its initial public offering (IPO) on the Oslo Stock Exchange on March 22, 2018. The IPO was accompanied by the strategic acquisition of two plants in China—Xinghuo Silicones and Yongdeng Silicon Materials—from its primary shareholder, Bluestar. This acquisition enhances Elkem's production capacity in a rapidly growing market, positioning the company for robust future growth.

In the first quarter of 2018, Elkem reported strong financial performance, showing substantial growth in revenue and EBITDA, primarily driven by favorable market conditions and increased production capacity, especially in China. The total operating income for this period reached NOK 6,447 million, representing a 41% increase compared to the same quarter in 2017. EBITDA surged to NOK 1,450 million, up from NOK 441 million, demonstrating the company's successful operational strategies.

Industry Overview in China

The silicone industry in China has seen remarkable growth due to rising demand across various sectors, including automobiles, electronics, and consumer goods. As one of the largest markets for