Norsk Hydro: Hydro to resume production on Husnes line
14 December 2017 - 5:01PM
Hydro has made an investment decision to upgrade and start up
the second production line at Hydro Husnes, Norway. With both lines
in operation, production of primary aluminium at Husnes will
double.
In the restart of the line, which was shut down in 2009, Hydro
will introduce new technology elements that will give better
results. The line is expected to begin operations in the first half
of 2020 and will create 90 new positions.
"We have great faith in continued aluminium production in
Norway. We are making use of new technology elements in this
re-start, and building up a robust and future-oriented plant at
Husnes. For Husnes, this means increased profitability, lower
energy consumption and additional jobs," says Hilde Merete Aasheim,
Head of Primary Aluminium in Hydro.
Hydro Husnes today produces about 95,000 tonnes of primary
aluminium per year. With the re-start, the plant will produce
approx. 190,000 tonnes of aluminium annually.
"In the aim of minimizing operating costs we have, since 2009,
sourced equipment and components from the closed line for
operations and maintenance of the producing line. This means that
we need to upgrade the closed line before re-starting, and we make
use of new technology when we do so that will contribute to
increased productivity and lower energy use," Aasheim says.
The expected total investment for the upgrade and re-start is
NOK 1.3 billion (in 2017 terms). Final build decision is expected
in Q3 2018.
Hydro Husnes employs 245 people, and became fully owned by Hydro
in November 2014.Investor contactEven Simonsen+47
97953364Even.Simonsen@hydro.com
Media contactHalvor Molland+47
92979797Halvor.Molland@hydro.com
Norsk Hydro (LSE:NHY)
Historical Stock Chart
From Apr 2024 to May 2024
Norsk Hydro (LSE:NHY)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Norsk Hydro (London Stock Exchange): 0 recent articles
More News Articles