Oslo, 13 June 2019
Elkem’s guiding for the second quarter 2019 was an improvement in financial performance compared to first quarter, mainly due to cost improvements and better market conditions for silicones.
Elkem’s accelerated improvement programme proceeds according to plan and is expected to reach the target of NOK 500 million in 2019. However, the silicones market has developed significantly weaker than expected, following the new tariffs on US imports from China. Additional tariffs were introduced early May and has negatively impacted the silicones end markets, particularly in