Norway-based Elkem to invest 100m yuan in Shanghai research center

Elkem Silicones, a Norway-based integrated silicone manufacturer and a unit of China's State-owned Sinochem Holdings Corp Ltd, will invest more than 100 million yuan ($15 million) to enlarge its flagship Asia-Pacific research and innovation (R&I) center in Shanghai this year, said its senior executives.

The newly upgraded R&I center is located in Xinzhuang Industrial Zone of Shanghai's Minhang district. The first phase of the project covers an area of about 6,600 square meters. Its construction work will be started in the third quarter and will be completed in the first quarter of 2023.

The company's existing Asia-Pacific R&I Center was established in 2009. Under its plan, the number of its researchers is expected to double in the facility over the next three years.