Elkem:Acquisition of new OFS plant in France

摘要

Elkem has signed an agreement to buy a brand-new plant near Lyon,France,custom-designed for producing highly specialised organo-functional silicones(OFS).The OFS plant is located near Elkem Silicones'existing activities south of Lyon,including both the upstream plant in Roussillon as well as the production site and R+D centre in Saint-Fons.The purchase price is in the low double-digit millions of euros,and start of production is expected by the end of 2021.