14/06-2018 12:16:05: (ELK) Elkem ASA - Maintenance stop at Xinghuo Silicones postponed
Oslo, 14 June 2018
The maintenance stop at Xinghuo Silicones in China, estimated to approx. four
weeks from 15 June to 15 July 2018, has been postponed by one month and is
expected to take place from 15 July to 15 August 2018. The stop will therefore
not affect Elkem's result for 2Q-2018.
In addition, the prices for silicones have continued to increase compared to 1Q
-2018. Elkem's result for 2Q-2018 is therefore expected to exceed the result for
1Q-2018, which was the basis for management's guiding.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Odd-Geir Lyngstad, Head of Investor Relations
Tel: +47 976 72 806
Founded in 1904, Elkem is one of the world's leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Headquartered in Oslo, the company's
27 production sites and extensive network of sales offices and agents around the
world ensure proximity to customers and access to attractive end markets.
Elkem's over 6,000 skilled employees and significant R&D activities provide a
solid basis for further technology-driven growth and optimisation.
Ekstern link: http://www.newsweb.no/index.jsp?messageId=453649
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