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Elkem completes acquisition of Aggregate Technologies

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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Elkem ASA announced that it has completed the previously announced acquisition of Guangdong Polymer Technology Co.
, Ltd.
, a leading producer of silicone elastomers and resin materials in China

Aggregate Technologies has strong strengths in baby care and food grade silicones, as well as silicone products for the electronics and medical industries

Michael Koenig, Elkem's CEO, said: "The acquisition of Aggregate Technology is an important milestone for Elkem, which is in line with the company's specialty product development strategy, strengthens downstream specialty silicone technology capabilities, and expands Elkem's capabilities.
Ken's competitive advantage

About 90% of Aggregate's revenue comes from China, mainly in southern China

Frederic Jacquin, global senior vice president of Elkem Silicones, said: "Polytech's products and positions in the food, baby care, electronics and medical markets complement Elkem's

Aggregate Technology has more than 350 employees in Zhongshan City, Guangdong Province, China

Ma Hanyong, the current general manager of Aggregator Technology, said: "We are very pleased to have Aggregator Technology join the Elkem family

The transaction was announced on December 30, 2019

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