SMM, 22 March, Hydro (Norsk Hydro) Yu. Local time on March 19 on its official website to update the company affected by the new crown epidemic update.
Hydro said deteriorating market conditions also affected the production operations of Hydro and its downstream customers. In response to changes in demand, some parts of Hydro are taking production cuts to ensure the interests of employees and companies.
Affected by the new crown epidemic and control measures taken by governments, Hydro downstream customers have begun to cut production. The most obvious end markets for the epidemic are cars and construction real estate, which have spread more widely in southern Europe. As a result, Hydro's extrusion plants in France, Spain and Italy are taking measures to cut production.
In view of the fact that governments may have further strengthening measures and changes in downstream customer demand in some sections, Hydro said that it would take the necessary measures to respond. The company's emergency response team is actively mobilizing and working closely with departments to coordinate and develop emergency and crisis mitigation measures. Cuts and shutdowns at some factories may lead to temporary layoffs.
Hydro updated the production and operation of each section of the company:
Bauxite-alumina: normal operation, there is a high degree of market uncertainty.
Energy: normal operation, there is a high degree of market uncertainty.
Primary aluminum: normal operation, there is a high degree of market uncertainty.
Calendering products: normal operation, but in the near future may be affected by the reduction of production and shutdown of downstream customers in Europe.
Extruded products: most of the production is operating normally, but because some end markets have been severely affected by the epidemic, especially in southern Europe, some of the company's factories have begun to shut down.
SMM will continue to follow up.
