Finnfjord
Finnfjord AS is a Norwegian ferrosilicon producer founded in 1960, operating three electric arc furnaces with 100,000 tonnes annual capacity, supplying European steel mills, ferrous foundries, and high-performance concrete markets via its Madrid sales subsidiary Finnfjord International.
- Company typePrivate
- Founded1960
- HeadquartersFinnsnes, Norway
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Finnfjord does
Finnfjord AS is a Norwegian industrial manufacturer of ferrosilicon (FeSi), founded in 1960 and headquartered in Finnsnes in Northern Norway. The company operates three electric arc furnaces with an annual production capacity of 100,000 tonnes of ferrosilicon (75% silicon, 20-24% iron), which it sells as a deoxidant and alloying agent to steel mills and ferrous foundries. Beyond its core FeSi output, Finnfjord runs a thermal energy recovery system installed in 2012 that generates up to 340 GWh of electric power annually from furnace off-gases via one of Norway's largest industrial steam turbines, and commercializes silica fume recovered as a byproduct of FeSi production for use as a high-performance concrete additive (NS-EN 13263-1 certified).
The company employs approximately 150 person-years and reports annual revenue of approximately 2.1 billion NOK. Sales are executed through a wholly-owned subsidiary, Finnfjord International, S.L., established in Madrid in 2022, which markets ferrosilicon and complementary raw materials (bulk alloys, noble alloys, Mn metal, inoculants, nodulizers, black products) to European steel and foundry customers; products are reported to reach 35 countries. Finnfjord positions itself on energy efficiency and environmental leadership, with a 2014 partnership with UiT (University of Tromsø) on algae-based CO2 reduction and a stated vision to become the world's first CO2-free ferrosilicon producer. The company is privately held with no disclosed parent or external investors, and pricing is conducted through bespoke B2B quotations rather than disclosed list pricing.
Finnfjord firmographics
Firmographics- Name
- Finnfjord
- Legal name
- Finnfjord AS
- Website
- https://finnfjord.no
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Finnfjord AS is a Norwegian ferrosilicon producer founded in 1960, operating three electric arc furnaces with 100,000 tonnes annual capacity, supplying European steel mills, ferrous foundries, and high-performance concrete markets via its Madrid sales subsidiary Finnfjord International.
- Ownership category
- akta.pro rank
Finnfjord industry classification
Industry- Product category
- Ferrosilicon and industrial alloy manufacturing
- NAICS
- Iron and Steel Mills and Ferroalloy Manufacturing (331110)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Silica (Quartz, Fumed, Precipitated) (IMAEAFAD)
Keywords
Where Finnfjord is headquartered
LocationHeadquarters
- HQ city
- Finnsnes
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
Finnfjord business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Revenue model
- Ferrosilicon (FeSi) Sales: Primary revenue stream from production and sale of ferrosilicon alloy (75% silicon, 20-24% iron) to steel industry. Used as deoxidant and alloying element in steel and cast iron production.
- Silica Fume Sales: Sale of ultrafine silica powder as concrete additive. Originally a waste product, now a resource sold in 1200 kg big bags or bulk. Used in high-profile construction projects worldwide.
- Electric Power Generation: Internal generation of 340 GWh electricity through energy recovery system, reducing operational costs and supporting environmental credentials.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
Finnfjord product offering
Product offeringCore offering
Finnfjord AS manufactures ferrosilicon (FeSi) alloy containing 75% silicon and 20-24% iron at its Finnsnes facility in Norway, using three electric arc furnaces with combined annual capacity of 100,000 tonnes. As part of the production process, the company recovers ultrafine silica fume (certified to NS-EN 13263-1) as a value-added byproduct for the construction industry, and generates approximately 340 GWh of electric power per year via a thermal energy recovery steam turbine. Ferrosilicon is sold to steel mills and ferrous foundries as a deoxidant and alloying element, while silica fume is sold for high-performance concrete applications.
Product overview
Finnfjord is an industrial ferrosilicon (FeSi) manufacturing company with a portfolio of three main products. The core product is ferrosilicon, a critical raw material for the steel industry. A thermal energy recovery system generates power as a byproduct of production. Additionally, silica fume recovered from the ferrosilicon process has become a valuable resource for the construction industry. Finnfjord International, based in Madrid, handles all sales and distribution of these products.
Differentiator
Problem solved
Functional benefit
Products and services
- Ferrosilicon (FeSi) Finnfjord's primary product is ferrosilicon (FeSi), an alloy containing 75% silicon and 20-24% iron. Used as a deoxidant and alloying element in steel and cast iron production. Annual production capacity is 100,000 tonnes across 3 electric arc furnaces. Sold to steel mills and ferrous foundries globally.
- Silica Fume (Silica) Ultrafine silica fume (0.15 micrometer particles) recovered as a byproduct from ferrosilicon production. Sold as a high-performance concrete additive that increases electrical resistivity, decreases permeability, and improves concrete structure. Certified to NS-EN 13263-1 standard. Sold in 1200 kg big bags or bulk. Used in landmark projects such as the Petronas Twin Towers and Copenhagen Metro.
- Electric Power (Kraft) Electric power generated from a steam turbine system that recovers thermal energy from off-gases of metal production. Annual capacity of 340 GWh, equivalent to the power needs of approximately 22,000 households. Equivalents to half of the Alta hydroelectric power plant.
Quantifiable outcome
- 340 GWh annual electricity generation from energy recovery
- +3 more outcomes
Companies that use Finnfjord
Customer profileNamed customers5 records
Segments1 record
Ideal customer profiles2 records
Finnfjord technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Finnfjord partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- UiT (University of Tromsø)corePartnership with UiT to use algae technology to reduce CO2 emissions from Finnfjord's ferrosilicon production. This collaboration is a key component of Finnfjord's vision to become the world's first CO2-free ferrosilicon producer.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Finnfjord competitors and assessment
Company assessmentDirect peers
- Ferroglobe: Global leader in ferrosilicon and silicon metal production with operations across the US, Europe, and South America. Direct competitor in the same product category with overlapping European steel mill customers.
- OM Holdings Ltd: Singapore-headquartered miner and producer of ferroalloys and silicon metal with operations in Australia and Malaysia. Direct competitor in the global ferrosilicon market serving similar steel industry customers.
- Silbitz Group: German producer of ferrosilicon and silicon metal. Direct European competitor serving steel and foundry customers with comparable product mix and EAF metallurgical process.
- Huta Łaziska: Polish ferrosilicon producer operating electric arc furnaces for European steel and foundry customers. Closely comparable regional producer with similar technology and customer base.
- Vargön Alloys AB: Swedish ferrosilicon producer owned by Harsco. Comparable Nordic European producer serving the same steel mill customer base with similar EAF-based process technology.
- Elkem ASA: Norwegian-headquartered producer of silicon, ferrosilicon, and silicon-based specialty products. Most direct geographic and product peer — also Norwegian, also serving steel and aluminum customers globally with similar EAF-based silicon/ferrosilicon technology.
Broad incumbents
- Mechel PAO: Russian vertically integrated mining and metals company with ferrosilicon production. Overlaps in the global ferrosilicon commodity market but operates a much broader metallurgical portfolio.
- Wacker Chemie AG: German specialty chemicals company and major silicon/ferrosilicon producer. Overlaps in silicon metal supply but operates a broader portfolio (silicones, polysilicon, biosolutions) rather than specializing in FeSi.
- Anyang Chunyang Metallurgical Materials: Major Chinese ferrosilicon producer serving global steel markets. Comparable product and process technology, but at a structurally lower cost base due to subsidized power and weaker environmental enforcement.
- Eramet SA: French mining and metallurgical group producing manganese and nickel alloys, with historical ferrosilicon exposure. Broader portfolio but overlapping ferroalloy customer base in European steel industry.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Finnfjord social profiles
Digital presenceFinnfjord financial estimates
Financial estimateRevenue estimate
Valuation estimate
Finnfjord leadership team
Management profileNumber of profiles
Finnfjord subsidiaries and ownership
Company hierarchySubsidiaries1 record
Finnfjord funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Finnfjord M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Finnfjord
What does Finnfjord do?
Finnfjord AS manufactures ferrosilicon (FeSi) alloy containing 75% silicon and 20-24% iron at its Finnsnes facility in Norway, using three electric arc furnaces with combined annual capacity of 100,000 tonnes. As part of the production process, the company recovers ultrafine silica fume (certified to NS-EN 13263-1) as a value-added byproduct for the construction industry, and generates approximately 340 GWh of electric power per year via a thermal energy recovery steam turbine. Ferrosilicon is sold to steel mills and ferrous foundries as a deoxidant and alloying element, while silica fume is sold for high-performance concrete applications.
Is Finnfjord a public or private company?
Finnfjord is a private company. It is classified as unknown and is currently operating.
When was Finnfjord founded?
Finnfjord was founded in 1960. It employs 101 to 250 people.
Where is Finnfjord based?
Finnfjord is headquartered in Finnsnes, Norway, in the Europe region.
How does Finnfjord make money?
Three revenue lines are on record. Ferrosilicon (FeSi) Sales are the primary driver. The others are silica Fume Sales and electric Power Generation.
Who are Finnfjord's main competitors?
Direct peers on record are Ferroglobe, OM Holdings Ltd, Silbitz Group, Huta Łaziska, Vargön Alloys AB and Elkem ASA. Broad incumbents are Mechel PAO, Wacker Chemie AG, Anyang Chunyang Metallurgical Materials and Eramet SA.
Does Finnfjord have an API?
No public API is recorded for Finnfjord.
What industry is Finnfjord in?
Finnfjord's product category is Ferrosilicon and industrial alloy manufacturing. Its primary akta.pro industry code is IMAEAFAD, Silica (Quartz, Fumed, Precipitated). Its NAICS code is 331110 and its SIC code is 3330.