Skanska to Build $1.1B Wire Rod Casthouse for Hydro in Norway, Expanding Low-Carbon Aluminum Production

Published: Jul 7, 2026 10:23

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[SMM Aluminum Express News] Skanska has signed a NOK 1.1 billion (approximately SEK 1.0 billion) contract with Hydro to build a new wire rod casthouse at the Karmøy aluminum smelter in Norway. The facility will support Hydro's expansion of low-carbon aluminum wire rod production for Europe's power grid market, with construction scheduled to begin in July 2026 and completion expected in Q1 2028.

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