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ELKEM (belongs now to >> Orkla)

 

Die neusten Zahlen- The newest informations

http://www.elkem.com/eway/default.aspx?pid=242

> zur Orkla Information

Elektrokemisk, the precursor to Elkem, was established in 1904 as a tool to realise the technical and scientific ambitions of its founder Sam Eyde. Elkem has continued this tradition of actively developing world-class industrial technology. As a consequence Elkem is today one of the world's leading producers of aluminium, silicon metal, ferrosilicon for steel and iron foundries, carbon products and microsilica

 

Mosjoen

Lista

Grubenbetrieb Lokken_Pyrit

 

 

 

 

 

 

History

1904:

Sam Eide establishes Elkem; development of electro-metallurgical processes

1917:

First ferroalloy plant purchased. Søderberg aluminium process invented

1940s:

Hagerup-Larsen escapes to US and licenses Søderberg process to Alcoa

1958:

Production starts at Elkem Aluminium Mosjøen, expansion in 1963 and 1968

1960s:

Expansion in Norway; ferroalloys, aluminium, mining and manufactured products

1971:

Production start at Elkem Aluminium Lista

1972:

Merger with Christiania Spigerverk

1970s:

International expansion; steel and ferroalloys

1981-1984:

Acquisition of Union Carbide’s ferroalloys business in Norway, US and Canada

1985:

Sale of Christiania Spigerverk

1986:

- Acquisition of Elkem Thamshavn and Bjølvefossen (70%)
- NOK 1.4 billion modernisation of Elkem Aluminium Mosjøen

1990:

Purchase of 45% of shares in Norsk Jern Holding and acquisition of Elkem Rana

1990s:

Elkem develops the Elkem Business System (EBS) based on the Alcoa Business System (ABS)

1992:

Strategic alliance with BHP Minerals. Sale of non-strategic assets including Elkem Nefelin, Elkem-Rockwool and Elkem Eiendom

1993:

Two equity issues: NOK 980 million in new capital

1996:

Liquidation of Norsk Jern Holding

1997:

Elkem increases ownership interest in Icelandic Alloys to 51%

1999:

Elkem sells manganese business to Eramet SA

2000:

- Purchase of remaining shares in Bjølvefossen
- Modernisation and expansion of Elkem Aluminium Mosjøen and Elkem Aluminium Lista approved (NOK 2 billion)

2001:

- Purchase of 35% in Sapa AB
- EU approves Sapa deal

2002:

- Elkem sells ferrochrome business to Companhia Vale do Rio Doce ("CVRD")
- Alcoa reaches 40% level and makes a mandatory offer for all outstanding shares in Elkem
- Elkem reaches 40% level in Sapa and gives a mandatory offer for all outstanding shares
- Elkem reaches 72% level in Sapa

2003:

- Elkem reaches 100% in Icelandic Alloys
- Sapa acquires 100% of Remi Claeys Aluminium

2004:

- Elkem acquires 23% in Renewable Energy Corp

2005:

- Orkla takes over Elkem and the Elkem share is delisted
- Elkem takes over Sapa and the Sapa share is delisted

 

Alcoa sells its Elkem shares
(22.03.2005) Alcoa has published the following press release:

Alcoa to Tender Its Elkem Shares for Significant Gain; Company to Take 1st Quarter 2005 Restructuring Charges

NEW YORK--(BUSINESS WIRE)--March 22, 2005--Alcoa (NYSE:AA) today announced it will accept the offer to tender its 46.5 percent stake in Elkem ASA to Orkla ASA for a total of approximately $US 870 million in cash and an after-tax gain of approximately $180 million. Settlement of the transaction is expected to occur on April 5, 2005.

Following the completion of this transaction Alcoa will continue to hold a 50% stake in two aluminum smelters in Lista and Mosjoen, Norway with a combined production capacity of 282,000 metric tons per year.

 

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