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Elkem ASA: Business Overview, Financials & Competitive Analysis

Elkem ASA is a global chemical company producing advanced silicon-based materials including silicones, silicon products, and carbon solutions. Founded in 1904, the company operates 31 production sites worldwide and se...

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6/ 10Solid

Cyborg Score thesis

Established advanced materials leader positioned to benefit from the chemical recovery cycle and renewable energy transition,...

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Industry Specialty Chemicals & Advanced Materials
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: November 2, 2026
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Elkem ASA Overview

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Elkem ASA is a global chemical company producing advanced silicon-based materials including silicones, silicon products, and carbon solutions. Founded in 1904, the company operates 31 production sites worldwide and serves diverse industries including solar, automotive, electronics, and construction with approximately 7,200 employees.

Strategic Profile

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Elkem is a subsidiary of Bluestar Elkem International Co. Ltd. SA and maintains strategic positioning as a key supplier to high-growth sectors including renewable energy and electric mobility. The company operates through three reportable segments—Silicones, Silicon Products, and Carbon Solutions—with silicones generating the majority of revenue.

Competitive Landscape

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Elkem competes with diversified chemical and materials companies in silicones, silicon products, and carbon solutions. Primary competitors include Dow Corning (silicones), Wacker Chemie (silicon), and various regional carbon material suppliers. Elkem's integrated global production network and heritage in high-purity silicon production provide competitive advantages in quality-sensitive applications.

Industry Context

Elkem ASA operates in Specialty Chemicals & Advanced Materials.

Key facts

Founded: 1904 · Headquarters: Oslo, Norway · Employees: 7,200 · Revenue: $1.59B · Market cap: $1.67B

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Elkem ASA.

  • Subsidiary of Bluestar Elkem International; Chinese ownership provides capital access but raises geopolitical considerations
  • Silicones segment is primary revenue driver; diversification across three business units reduces concentration risk
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026: Q4 2025 EBITDA reported at NOK 890 million, down from NOK 1,173 million year-over-year
  • February 2026: Board proposed ordinary dividend of NOK 0.30 per share for 2024
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

SiliconesGlobal silicone polymers and solutions competitor→Silicon MaterialsEuropean silicon and specialty chemicals producer→Carbon SolutionsSpecialty carbon materials supplier→

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Industry context

Elkem ASA operates in Specialty Chemicals & Advanced Materials. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Elkem ASA do?+
Elkem ASA is a global chemical company producing advanced silicon-based materials including silicones, silicon products, and carbon solutions. Founded in 1904, the company operates 31 production sites worldwide and se...
What is Elkem ASA's Cyborg Score?+
Elkem ASA has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Elkem ASA's main competitors?+
Named competitors include Silicones, Silicon Materials, Carbon Solutions. The full competitive landscape is in the AskCyborg report.
How can I get the full Elkem ASA research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Elkem ASA research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Specialty Chemicals & Advanced Materials research

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