【SMM Aluminium Flash News】Norway's Hydro plans to close five extrusion plants in Europe

Published: Nov 27, 2025 09:03

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Norwegian aluminium producer Hydro (NHY.OL), opens new tab said on Wednesday it would close five extrusion plants in Europe by 2026. Hydro said it expects annual run rate savings exceeding 500 million Norwegian crowns ($48.93 million). Restructuring costs are estimated at 1.9 billion crowns, with impairment charges and provisions expected to impact the company in the fourth quarter of this year, it added. Hydro will retain 28 extrusion plants and five recycling facilities under its European extrusions business unit, employing about 7,000 people.

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