With the successful conclusion of 2024, Eken Company welcomes a new year. Faced with a market environment full of challenges and opportunities, Eken Company has formulated a detailed business outlook and sustainable development strategy to ensure that the company can maintain its leading position and achieve sustainable development in the future.
In terms of business outlook, Eken Company will continue to focus on the implementation of operational optimization and efficiency improvement plans. Despite the uncertainty in the market environment, the company firmly believes that through continuous improvement and innovation, it can enhance profitability and respond to market changes. At the same time, the company will actively adjust its business strategy to adapt to changes in market demand.

In terms of the silicone market, Elkem expects the market to remain stable. With the gradual release of new production capacity in China and France, the company is expected to leverage this trend to improve its performance. However, the first quarter may be affected by the Spring Festival holiday and equipment maintenance, resulting in fluctuations in production and sales volume. To address this challenge, the company will develop production plans in advance and strengthen inventory management to ensure stable supply in the market.
In terms of silicon product business, Elkem will rely on cost and market advantages to continuously enhance its competitiveness. However, power supply issues in Iceland and maintenance of factories in Norway will have a certain impact on the company's production. To alleviate this pressure, the company will actively seek alternative energy sources and partners to ensure smooth production.
In terms of carbon solutions business, Elkem will maintain competitiveness through its market position and geographical diversification. However, the production capacity reduction announced by the customer will affect sales in the first quarter. To address this challenge, the company will strengthen communication and collaboration with customers, jointly develop response strategies, and seek new market opportunities.
In terms of sustainable development, Eken Company will continue to adhere to the concept of green and low-carbon development, and is committed to environmental protection and fulfilling social responsibilities. The company will continue to strengthen environmental management and monitoring work to ensure that all environmental indicators are met and continuously improved. At the same time, the company will actively participate in social welfare activities, give back to society, and enhance its corporate image.
In addition, Eken Company will strengthen cooperation and communication with partners to jointly promote the sustainable development of the industrial chain. Through close cooperation with upstream and downstream enterprises, the company will jointly address market challenges and share development opportunities. At the same time, the company will actively monitor industry trends and policy changes, and adjust business strategies in a timely manner to address potential risks.
Looking ahead to the future, Eken Company will continue to adhere to the development philosophy of innovation, pragmatism, and efficiency, and continuously enhance its own strength and competitiveness. At the same time, the company will actively fulfill its social responsibility and promote sustainable development, contributing to building a better future.