Hydro, Norway: shut down some aluminum foil production capacity to focus on the car and aluminum cans market

Published: Sep 12, 2019 10:15

Save

Norway's Hydro (Norsk Hydro ASA) recently announced that it will carry out a comprehensive restructuring of its rolled products business, including suspension of production and layoffs in some areas. The restructuring will include closing some of the aluminum foil capacity at the Grevenbroich plant in Germany. At present, Norway's Hydro will refocus its business on markets with growth potential, including the automotive and aluminum cans market, which has added Line 3 to the Grevenbroich plant in Germany and reduced the recycling of cans at the Neuss plant.

SMM, Sept. 12: Hydro (Norsk Hydro ASA), Norway, recently announced that it will carry out a comprehensive restructuring of its rolled products business, including suspension of production and layoffs in some areas.

Mr Hydro said the restructuring would include closing some of the foil capacity at Germany's Grevenbroich plant, mainly because of high costs, too intensive production processes and fierce competition.

At present, Norway's Hydro will refocus its business on markets with growth potential, including the automotive and aluminum cans market, which has added Line 3 to the Grevenbroich plant in Germany and reduced the recycling of cans at the Neuss plant.

"Click online to sign up for the Seventh China Aluminum processing Summit"

Aluminum production capacity price forecast production

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Guinea, GAC, EGA Reach Settlement to Resolve Bauxite Supply Disputes and Ensure Industry Stability

[SMM Aluminum Express News] Guinea, together with Guinea Alumina Corporation and Emirates Global Aluminium, has reached an amicable settlement to resolve disputes related to GAC’s suspended operations and disrupted bauxite supply. Under the agreement, Guinea will compensate GAC as part of the transfer of assets for the Sangarédi bauxite project, while bauxite supply agreements between Compagnie des Bauxites de Guinée and EGA will be renewed under updated commercial terms, supporting stability in the bauxite-to-aluminum supply chain.

5 hours ago

6 hours ago

LME Aluminum Inventory Declines 0.69% to 360,200 mt on May 6, Down 12.56% Over a Month

[SMM Aluminum News Flash] On May 6, LME aluminum inventory was recorded at 360,200 mt, down 2,500 mt from the previous day, a decrease of 0.69%. Over the past week, LME aluminum inventory decreased by a cumulative 7,975.00 mt, a decline of 2.17%. Over the past month, LME aluminum inventory decreased by a cumulative 51,700 mt, a decline of 12.56%.

6 hours ago

[SMM Flash News] New Expansion of Nag Hammadi Aluminum Complex to Increase Annual Capacity by 300,000 mt

Egyptian Cabinet: The new expansion of the Nag Hammadi Aluminum Complex plans to increase annual capacity by 300,000 mt.

6 hours ago