Bluestar Overseas Company achieved excellent results in the second quarter

In the second quarter of 2022, in the face of the complex and ever-changing international situation, Bluestar's overseas listed companies still achieved golden results by virtue of their global layout, excellent operation and cost advantages

Blue Star Elkem

7th Consecutive Quarter of EBITDA Increases

Bluestar Elkem is one of the world's leading suppliers of advanced silicon-based materials under Bluestar

The outstanding performance of Blue Star Elkem was mainly attributable to the strong performance of the Silicon Products Division and the Carbon Materials Division

In addition, in the second quarter, Blue Star Elkem made progress in sustainability

In May of this year, Bluestar Elkem reached cooperation with Norway's Hydro and Sweden's Aalto Fund in response to the development needs of its battery material company Vianode, and planned to build a factory in Norway's Eloja Industrial Park.

Blue Star Adisseo

Operating income increased by 20% year-on-year

　　Bluestar Adisseo is one of the world's leading experts in the field of feed additives

　　Bluestar Adisseo's outstanding performance is mainly attributable to: on the one hand, both liquid and solid methionine sales achieved 44% growth, driven by a substantial increase in methionine sales, functional product sales achieved a strong 26% growth; on the other hand, In terms of specialty products: monogastric animal products and aquatic products both achieved double-digit sales growth, Chinese ruminant products performed well, and business in Latin America, Asia and the Middle East achieved outstanding growth

　　Bluestar Adisseo continuously rolls out sustainability projects at its factories in China and Europe

　　In the second half of the year, in the face of continuous challenges brought about by the disruption of the global supply chain, shortage of raw material supply and rising costs, Bluestar Adisseo will continue to carry out capacity expansion projects to achieve substantial growth in methionine sales, strong growth in specialty products business, Improve operating efficiency to optimize costs and leverage innovation capabilities to maintain operating income growth and offset the adverse impact of sharp increases in raw material costs

　　Jean Mark, Vice Chairman and CEO of Bluestar Adisseo, said: "Faced with severe global challenges, Bluestar Adisseo made every effort to promote various business activities, and the overall business performance in the first half of the year was basically in line with expectations