Elkem ASA Announces Global Silicones Price Hike

Elkem ASA (ELKEF) has released an update.

Elkem ASA, a global leader in silicon-based materials, announces a worldwide price increase of at least 10% for its silicones products, effective from 15 August. The hike addresses the need for continued investment in capacity expansion, equipment maintenance, and product innovation, amidst rising costs in raw materials, energy, and logistics. Despite operational efficiencies, these measures are vital to sustain Elkem’s commitment to safety, customer needs, and sustainable practices.

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