New silicon plant for Húsavík

A new silicon metal production plant is to be built in Bakki near Húsavík in north-east Iceland.

Building will begin shortly and the facility is scheduled to begin operations at the end of 2017. The plant will be in the ownership of PCC Bakki Silicon hf.

Building work will cost an estimated ISK 40 billion (approx. €265 million) and will employ up to 400. The first stage of the project is predicted to create 120 long-term jobs.

As well as work on building the plant itself, the project includes port and road improvements. As well as serving the needs of the plant, this infrastructure will “pave the way for further industrial development in Bakki”, according to a press release from the Icelandic Ministry of Industries and Innovation.




-1 °C

Light rain

Later today

0 °C



1 °C

Exchange rates

USD USD 119.21 EUR EUR 134.90
GBP GBP 156.68 DKK DKK 18.08
NOK NOK 14.00 SEK SEK 12.89
CHF CHF 119.78 JPY JPY 1.08
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.