Brief: Elkem Curtails Production Capacity In Norway To Accelerate Maintenance

Elkem ASA

31/03/2023 07:02

March 31 (Reuters) - Elkem ASA  ELK.OL :
    * ELKEM CURTAILS PRODUCTION CAPACITY IN NORWAY TO ACCELERATE
MAINTENANCE
    * DECISION WILL HAVE NO IMPACT ON CUSTOMERS OR EMPLOYEES
    * DECIDED TO PARTIALLY CURTAIL ITS PRODUCTION IN NORWAY BY
TEMPORARILY SHUTTING DOWN TWO FURNACES - ONE IN THAMSHAVN AND
ONE IN RANA
    * WILL INVEST A TOTAL OF AROUND NOK 200 MILLION IN
MAINTENANCE AND
IMPROVEMENT AT TWO SMELTERS
    * AS A RESULT, THAMSHAVN AND RANA WILL EACH HAVE ONE FURNACE
OUT
FOR APPROXIMATELY TWO MONTHS

Source text for Eikon:  ID:nObiV5Ttya 
Further company coverage:  ELK.OL 

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