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Elkem ASA ( (ELKEF) ) has shared an update.
Elkem ASA has announced a strategic review of its Silicones division to streamline operations and reallocate capital for growth in its Silicon Products and Carbon Solutions divisions. The Silicones division, a fully integrated leader in its field, has shown improved financial performance in 2024, driven by operational efficiencies and increased capacity. This review could impact Elkem’s market positioning and stakeholder interest, with further details expected in the upcoming financial report.
More about Elkem ASA
Elkem is a leading global provider of advanced silicon-based materials, focusing on developing silicones, silicon products, and carbon solutions. The company supports innovations in areas such as electric mobility, digital communications, and sustainable urban development. Founded in 1904, Elkem employs over 7,400 people worldwide and reported an operating income of NOK 35.5 billion in 2023.
YTD Price Performance: -3.23%
Average Trading Volume: 386
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $935.2M
See more data about ELKEF stock on TipRanks’ Stock Analysis page.
