Explore More Than Just This Free Article

This article is a glimpse of the exclusive insights we provide daily to industry leaders. Dive deeper into our industry-specific reports and uncover the strategic information you need.

Elkem partially curtails production capacity at Bremanger in Norway due to lower silicon sales, high power prices; site specializes in specialty inoculants and ferrosilicon used in iron industry

February 3, 2023 (press release) –

 

Elkem has decided to partially curtail its production at Bremanger in Norway by temporarily shutting down one furnace. This is due to lower silicon sales and high power prices. The decision will have no impact on customers or employees.

Elkem’s plant in Bremanger manufactures metallurgic silicon-based products for the world market. For iron foundries, the plant has specialised in the manufacture of specialty inoculants and ferrosilicon.

The furnace is expected to remain shut for about six weeks. Elkem’s previously announced curtailment at Thamshavn has now been reversed, while Rana is expected to resume production early next week.

Elkem has twelve furnaces in total in Norway and temporary curtailments may also be relevant at other sites, depending on market developments and power prices. 

“When temporarily shutting down furnaces, we will bring forward maintenance and improvement work at our plants to position for the future. We currently see significant uncertainty in global markets, resulting in lower short-term demand, so we will also use the opportunity to optimise our inventories,” says Elkem’s senior vice president for Silicon Products, Inge A. Grubben-Strømnes

He adds: “Elkem is well-positioned with long-term power contracts securing the company’s electricity consumption in Norway at competitive rates. The current market uncertainty underlines why it is so important for the industry to secure competitive and predictable framework conditions through changing business cycles.”

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo with Jason
Jason Irving
Jason Irving
- SVP Enterprise Solutions -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.