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Elkem acquires Guangzhou Polysil

Elkem acquires Guangzhou Polysil

Elkem Corporation, an overseas company affiliated to China Bluestar, announced on April 14, 2020 that it has completed the acquisition of Guangdong Polysilicon Technology Co., Ltd. (Polysil, referred to as Poly Science and Technology). This successful acquisition will help the two companies to play a role in silicone product technology. The synergy with the terminal market has laid a solid foundation for the professional development of Elkem in China and even the world.

About Polysil

Polysil  is a leading manufacturer of silicone elastomers and resin materials in China. Headquartered in Zhongshan City, Guangdong Province, it has two factories and a research and development center with more than 350 employees. The company has a leading technological position in the production and development of thermosetting silicone rubber (HCR), liquid silicone rubber (LSR) and special silicone resins and pressure-sensitive adhesives (PSA). Representative products include baby care, food-grade silicone and Special silicone products for the electronics and medical industries. Polysil total operating income in 2019 is 624 million yuan, and after-tax profit is 95 million yuan.elkem polysil
Affected by the new crown epidemic, the resumption of work after the Spring Festival in most parts of the country was delayed. Elkem ’s domestic companies took multiple measures to ensure that the economic operation of the drive, production and sales did not "break the chain" and quickly returned to normal production capacity levels. This merger and acquisition also overcomes many difficulties caused by the epidemic. The delivery was completed as scheduled, showing Elkem ’s global market operation capability and industry leader status as a multinational company. The acquisition will build a broad platform for further globalization of Aggregation Technology, which generates 90% of its revenue from the Chinese market, and the addition of Aggregation Technology will also promote Elkem to become a more attractive supply for the global food and medical grade silicone industry Business, enrich the product application portfolio, and consolidate Elkem ’s position in the domestic special silicone field.
Michael Koenig, CEO of Elkem, said: "The acquisition of Aggregation Technology is an important milestone for Aiken, which is in line with the company's special product development strategy, enhancing the strength of downstream special silicone technology and expanding Ken ’s competitive advantage. At the same time, the current macro environment highlights the value of multinational specialty material producers. We will also pay close attention to the global epidemic situation and flexibly adjust our strategic guidelines to protect the company ’s business development. "
Frederic Jacquin, senior global vice president of Elkem's Silicone Business Unit, said: "The products of Polysil are complementary to Elkem in the fields of food, baby care, electronics and medical care, and high-end liquid silicones. The market position of special materials for rubber and pressure-sensitive adhesives has great potential for development. The strong research and development capabilities of Polysil are crucial for product development in China and the global market. This capability is extremely beneficial to the company in the macro environment under the current epidemic crisis. , The vast majority of the business of Aggregation Technology is not negatively affected by the epidemic. "
Ma Hanyong, General Manager of Polysil, said: "I am very pleased that Polysil can join the Bluestar Elkem family. We are confident that we will use Elkem's global platform to further promote business development, bring more value to customers, and contribute to the overall development of Elkem. Make contributions to create a better future together. "
As one of the world's most advanced silicon-based materials suppliers, Elkem has production centers, R & D bases and sales networks all over the world. Its business involves the entire value chain, from silica, quartz to special silicones, as well as various castings and carbon materials. All have leading market positions.

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