Showing posts with label Global Silicon Metal Industry. Show all posts
Showing posts with label Global Silicon Metal Industry. Show all posts

Thursday, July 13, 2023

Breaking News: Elkem Makes Waves with Acquisition of VUM

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Elkem, being a major player in the silicon industry, anticipates that the acquisition will generate an estimated annual increase in turnover of approximately NOK 360 Mn: Ken Research

STORY OUTLINE

  • Elkem ASA, headquartered in Oslo, Norway, has acquired VUM, a carbon materials producer based in Slovakia.
  • The acquisition aims to enhance Elkem's capabilities in specialty markets and provide greater flexibility in the supply chain.
  • Elkem's operations are divided into three business divisions: silicon, silicon products, and Carbon Solutions.
  • VUM, now known as Elkem Carbon AS, will operate as a wholly-owned subsidiary of Elkem ASA with its existing management.

Elkem ASA, a Norwegian company with its headquarters in Oslo, has successfully finalized the acquisition of VUM, a carbon materials producer located in Slovakia. This strategic transaction is intended to fortify Elkem's competencies and proficiency in highly profitable specialty markets, while simultaneously enhancing the company's supply chain flexibility.

Future Growth Rate of the Global Silicon Metal Market

  • By expanding its capacity through the acquisition, Elkem aims to strengthen its market position within the industry. Elkem's operations are organized into three distinct business divisions, namely silicon, silicon products, and Carbon Solutions. In 2022, Elkem achieved a peak revenue of $1.8 Bn.
  • VUM, established in 1954 near Ziar nad Hronom, Slovakia, employs around 65 people. It is an independent producer of carbon materials crucial for industrial smelters, including anode paste, electrode paste, ramming paste, and recarburisers, supporting global metal production.
  • Elkem aims to enhance efficiency, value proposition, and economies of scale for VUM by offering resources and industry-leading expertise. As both a producer and consumer of carbon solutions, Elkem leverages its strong position to provide superior technical support and high-quality products, enabling customers to enhance electrode management and optimize their processes.

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  • VUM utilizes rotary kilns furnaces for calcining, enabling versatile processing of various raw materials. Additionally, VUM's research and development efforts will contribute to Elkem's carbon competence center in Norway, enriching its expertise. Slovakia relies predominantly on emissions-free electricity generation, primarily through nuclear and hydropower, serving as the country's primary energy sources.
  • Following the successful transaction, VUM will undergo a rebranding process and function as Elkem Carbon AS, a fully-owned subsidiary of Elkem ASA. VUM's existing management will continue to oversee operations under the new name.

In conclusion, Elkem's acquisition of VUM, now Elkem Carbon AS, enhances its position in the carbon materials industry and reinforces its capabilities in specialty markets. This strategic move strengthens Elkem's supply chain flexibility and allows for greater efficiency and value proposition. With its expertise, resources, and technical support, Elkem is well-equipped to meet the evolving needs of customers in the global metal production and industrial smelting sectors.

Major Players Mentioned in the Report:

  • Dow
  • Cree
  • Ferro globe
  • Rusal
  • Elkem
  • Wacker
  • Hoshine
  • EGA
  • Liasa
  • Minasligas
  • Infineon
  • Toshiba
  • Wanhua Metal

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

  • Silicon Metal Manufacturers
  • Emerging and Startup Companies in Silicon Metal
  • Different Types of Silicon Metal Research Labs
  • Government Ministries and Departments of Minerals
  • Government Departments of Electronics
  • Ministries and Departments of Paint & Coatings
  • Importers and Distributors of Silicon Metal
  • Chemical and Metals Market Research & Consulting Firms
  • Semiconductor Research and Development Associations
  • Investment Banking & Financial Institutes
  • PE and VC Firms focused on Chemicals and Metals Industries
  • Research & Development Institutes for Silicon Metal Sector
  • Silicon Metal Providers
  • Silicon Metal Suppliers
  • Investors in Silicon Metal Start-ups
  • Environmental Regulatory Bodies
  • Silicon Metal Distributors
  • Potential Entrants into Silicon Industry

Time Period Captured in the Report:

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2028

For more insights on market intelligence, refer to the link below: –

Global Silicon Metal Market

Related Reports by Ken Research: –

Global Silicon Metal Market Size, Segments, Outlook, and Revenue Forecast 2022-2028

Monday, October 28, 2019

Increase in Production of Semiconductors Expected to Drive World Silicon Metal Market over the Forecast Period: Ken Research

Silicon metal is a grey metallically glossy semi-conductive metal which is used in the manufacturing of steel, solar panels, aluminum alloys, and microchips. It is also known as semi-metallic or metalloid. It is generally produced by smelting quartz & coke in a submerged in an energy-intensive, electric arc furnace. It acts as a raw material for a huge number of industrial & consumer products for instance sealants, lubricants, coatings, adhesives, and polishes & cosmetics. It is necessary in the production of aluminum & chemical products. It is also an essential material in electronics or solar industries. Its electrical properties are modified through a process called doping, which make it an ideal material for constructing transistors that amplify electrical signals. It possesses a restrained energy band gap of 1.12eV at 0 K, which makes it a stable element. The key properties are machinability, high melting point, high corrosion resistivity and high thermal conductivity.

According to study, “World Silicon Metal Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world silicon metal market are GSM, Simcoa Operations Pty Ltd., Silicon Metal Industries, Ferroatlantica, Wacker Chemie AG, Dow Corning, RW silicium GmbH, Rima Group, G.S. Energy, The Quartz Corporation, UC RUSAL, Hoshine Silicon, MINASLIGAS, Elkem, Yunnan Yongchang, Sanxin, Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd., Liaoning Shuangyi, BlueStar Silicon Material, DaTong Jinneng, Wynca Group, Globe Speciality Metals Inc., Pengcheng Guangfu, Neoplant, H.C. Starck, S+A Blackwell, Zhongcheng Silicon, Mississipi Silicon, Liasa, Panadyne Inc., Micron Metals, Minhang Silicon, Dadi Zelin Silicon, Zhong Yu Jin Ming Silicon, ABSCO, CNPC Powder, Mingrui Siliocon, Yinfeng Silicon Products, Yafei Alloy, Sanhui Naihuo, VestaSi, Anyang Yuda Silicon, Jiuzhou Silicon, BAIDAO.
Based on grade type, silicon metal market is segmented into chemical grade silicon metal and metallurgy grade silicon metal. Metallurgical grade silicon metal segment is pure silicon metal comprising almost ninety-nine percent purity. Based on product type, market is segmented into content 98%-99%, content 99%-99.5% and content > 99.5%. Based on sales channel, market is segmented into direct sales channel and distribution sales channel. In addition, based on application, market is segmented into aluminum alloys, solar panels (satellites, watches, electrical fences, and calculators), electronic semiconductors (printed circuit boards, integrated circuits and transistors), silicones/silanes, stainless steel, laboratory reagents and other applications.
The silicon metal market is driven by rise in demand from solar industry, followed by increase in demand for aluminum-silicon alloys, rise in production of semiconductors, growth of automotive sector and rise in demand for portable electronics, automobiles, and solar panels. However, high cost of production may impact the market. Moreover, rise in demand for solar panel is a key opportunity for market.
Based on geography, China and India countries hold major share in silicon metal market owing to rise in demand for automobiles, large investment opportunities and increase in population in the countries. USA and Europe regions are expected to witness higher growth rate due to rise in automotive industries and increase in disposable income of consumers over the forecast period. The worldwide market is projected to grow at a CAGR of approximately 4.2% over the next five years, will reach US $8330 million in 2024, from US $6520 million in 2019.
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