Elkem acquires Chinese silicone elastomer maker Polysil

Elkem ASA has agreed to acquire all shares of Polysil, a Chinese silicone elastomer and resins manufacturer, for an enterprise value of up to RMB 941 million. Polysil has two production facilities in Zhongshan, Guangdong.

“Acquiring Polysil will strengthen our position in selected specialised silicones segments in China.”prnewswire.com

• 2 sources
• prnewswire.comElkem Acquires Polysil, a Leading Chinese Silicone Elastomer & Resins CompanyElkemDec 30, 2019
• prnewswire.comElkem Acquires Polysil, a Leading Chinese Silicone Elastomer and Resins CompanyElkem Silicon MaterialsDec 30, 2019

Summarized from public sources; check the original articles before acting on it.