So, the company I'm going to be looking at in this article is Elkem (OTC:ELKEF). This is not the largest, nor most undervalued chemical business in Europe, or even in Norway. But I believe it to be one of the more interesting ones, based on a couple of selection criteria that I tend to use for investing in profitable ventures. As you know, when I pick a company I tend to focus on those that perform better than average but trade at a discount.