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Elkem ASA acquired China Polysil Chemicals, a leading Chinese silicone manufacturer, for an enterprise value of up to RMB 941 million. The transaction settled on 1 April 2020.
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.