SHANGHAI, China—Norway-based Elkem Silicones, part of Elkem S.A., has signed three potential contracts worth more than $142 million with potential Chinese customers during the third China International Import Expo held in Shanghai Nov. 5-10.
The deals signify China as "the most important market for Elkem Silicones," according to Frederic Jacquin, senior vice president at Elkem Silicone.
"After the initial impact of COVID, we now see demand recovering strongly (in China)," said Jacquin.
Noting Elkem's strong presence in China, Jacquin said the company had made "every effort to ensure the smooth supply of products to customers (in China), and the revenue has also grown steadily."
Elkem, Jacquin added, is "the largest silicones producer in China and our strategy is to continue to grow and develop high-end products."
The Elkem Silicones division has thirteen plants: Xinghuo Silicones, China; Roussillon, France; Saint-Fons, France; Caronno, Italy; Lubeck, Germany; Santa Perpetua, Spain; Joinville, Brazil; York, US; Janghang, South Korea; Chakan, India; as well as Guangdong and Shanghai in China.