WASHINGTON MILLS AS
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Washington Mills is one of the world's leading manufacturers of abrasive grains and industrial fused minerals. We produce silicon carbide, brown fused aluminum oxide, white fused aluminum oxide, boron carbide, mullite, zirconia mullite, alumina bubbles and many other grains and powders for a variety of applications.
Keywords
productionchemicalsinorganic acidsroastingpyritedistilled waterenrichmenturanium orethorium ore
Organization
- CEO
- BS
Bård Smehagen1966
- Chairman of the board
- Years since formation
- 19 years
- since Jul 14, 2006
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 137
Ownership
- Number of shares and share classes
- 1,000,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 876,295,000
- NOK
- Annual total result 2024
- 36,470,000
- NOK
- Total equity 2024
- 564,725,000
- NOK
Last update: Jul 14, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
BS 1966 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
| Board Member | - | |
KT 1961 | Board Member | - |
JH 1979 | Board Member | - |
SI | Alternate Member | - |
| Chairman | - | |
AM | Board Member | - |
LM | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: May 20, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,000,000 | 100 % |
Shares owned by the WASHINGTON MILLS AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 17 | 3.5 % | |
| Ordinary shares | 1 | 0.44 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 876,295,000 | 949,192,000 | 763,920,000 | 484,727,000 |
Annual Total Result | 36,470,000 | 163,181,000 | 120,574,000 | 38,770,000 |
Total assets | 1,131,822,000 | 1,062,496,000 | 733,948,000 | 442,776,000 |
Total liabilities | 567,097,000 | 534,241,000 | 368,777,000 | 198,179,000 |
Total equity | 564,725,000 | 528,255,000 | 365,171,000 | 244,597,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 876,295,000 | 949,192,000 | 763,920,000 | 484,727,000 |
Total operating costs | 793,760,000 | 743,866,000 | 609,703,000 | 438,878,000 |
Operating result | 82,535,000 | 205,326,000 | 154,217,000 | 45,849,000 |
Financial income/costs | -35,638,000 | 3,948,000 | 401,000 | 3,922,000 |
Profit before tax | 46,897,000 | 209,274,000 | 154,618,000 | 49,771,000 |
Total tax & extraordinary income/cost | 10,427,000 | 46,093,000 | 34,044,000 | 11,001,000 |
Annual Total Result | 36,470,000 | 163,181,000 | 120,574,000 | 38,770,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 355,828,000 | 341,490,000 | 237,654,000 | 149,349,000 |
Total current assets | 775,994,000 | 721,006,000 | 496,294,000 | 293,427,000 |
Total assets | 1,131,822,000 | 1,062,496,000 | 733,948,000 | 442,776,000 |
Short term debt | 343,797,000 | 325,931,000 | 230,638,000 | 89,361,000 |
Long term debt | 223,300,000 | 208,310,000 | 138,139,000 | 108,818,000 |
Total liabilities | 567,097,000 | 534,241,000 | 368,777,000 | 198,179,000 |
Contributed capital | 564,725,000 | 94,867,000 | 365,171,000 | 94,867,000 |
Retained earnings | 0 | 433,388,000 | 0 | 149,730,000 |
Total equity | 564,725,000 | 528,255,000 | 365,171,000 | 244,597,000 |
Total equity and liabilities | 1,131,822,000 | 1,062,496,000 | 733,948,000 | 442,776,000 |
Classification
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
C
Main industrial area
Manufacturing
20
Activity
Manufacture of chemicals and chemical products
20.1
Main industrial group
Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
20.13
Industrial group
Manufacture of other inorganic basic chemicals
20.130
Industrial group
Manufacture of other inorganic basic chemicals