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Earlier this year, Elkem achieved a significant milestone by completing our silicones expansion project in China, known as the Phoenix project, which involved the construction of a new 200,000-tonne silicon monomer production plant 🏭 We hosted Tobias F. Svenningsen, the Consul General at the Royal Norwegian Consulate General in Shanghai, yesterday at the Xinghuo plant, alongside Håvard Moe, Elkem's SVP Technology. This visit, coinciding with the 70th anniversary of Norway-China diplomatic relations, allowed us to showcase Project Phoenix and underscore the importance of international collaboration in driving innovation and sustainable industry 🌏 Our investment in expanding silicone production in China is already having a substantial impact, and the new Xinghuo production line contributed an impressive 75 MNOK in EBITDA in the third quarter, demonstrating its cost competitiveness, which we believe matches the industry's lowest 📈

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Thank you to everyone who participated in this visit, including those pictured above: Joey Liu, APAC investment director, Elkem; Solfrid Helgesen, Deputy Consul General, Royal Norwegian Consulate General in Shanghai; Haidong Wang, APAC VP & Xinghuo general manager; Shirley Huang, APAC communications manager; Li Liao, Xinghuo operations director 🤝

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