Elkem announces silicone price increases in Europe and the Americas

The decision reflects a sustained increase in Elkem’s cost base, driven by inflation in key raw materials and chemical intermediates, higher energy and utility costs, and continued pressure on transportation and logistics. Additional cost impacts include packaging, labour, asset maintenance, and ongoing volatility in global supply chains.

While Elkem efficiency initiatives have helped offset part of the cost increases to date, sustained inflationary pressures now require pricing adjustments. The measure aligns with broader pricing dynamics across the silicone industry, as manufacturers adapt to structurally higher input costs.

Elkem continues to invest in the safety, reliability and maintenance of its industrial operations, as well as in the long‑term performance and sustainability of its silicone production assets. These investments are essential to maintaining security of supply and consistent product quality.

About Elkem Silicones

Elkem Silicones, the silicone‑manufacturing division of Elkem ASA, is one of the world’s leading silicone manufacturers with more than 80 years of experience in silicone chemistry and applications. The company delivers innovative, high‑performance silicone solutions across a wide spectrum of industries, including energy, electronics, automotive, aerospace, construction, healthcare, cosmetics, paper and textile coating, mould making, and personal care. Its portfolio spans release coatings, engineering elastomers, specialty fluids, emulsions and resins, backed by strong industrial capabilities: 11 production sites across four continents and a global workforce of around 3,700 employees mainly located in China, France, the US, Italy, Spain, Brazil, South Korea, the UK and Germany, including around 400 R&I scientists. Elkem Silicones is recognised for high‑quality materials, customised formulations, and deep technical and regulatory expertise to help customers meet the highest standards. http://www.elkemsilicones.com/

About Elkem ASA

Elkem is one of the world’s leading providers of advanced siliconbased materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations such as electric mobility, digital communications, health and personal care, as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,200 people has a joint commitment to stakeholders: Delivering your potential. In 2024, Elkem achieved an operating income of NOK 33 billion. Elkem has been awarded top score of A on Forests and Water Security, and B on Climate Change from CDP. Elkem is listed on the Oslo Stock Exchange (ticker: ELK) and is included in the ESG Index.

https://www.elkem.com

Media contact
Quentin Clair
quentin.clair@elkem.com
Elkem Silicones