Hydro has announced its plan to invest $48.3 million in support the growing transportation, distribution, and industrial market segments Cressona, Pennsylvania.
The company has announced that it will continue its strategy of asset modernization with the installation of a state-of-the-art 3,000-ton 12” indirect aluminium extrusion press line at its Cressona facility. The investment follows the site’s highly successful 2019 Greenfield installation of a 10” extrusion press, which serves the automotive and distribution markets.
Mike Hammer, Senior Director of Operations for Hydro’s Cressona and North Liberty facilities, commented on the investments,
“We are very excited about the decision to continue investing in new assets at Cressona, and I am certain that our history of delivering strong results on past investments was a key factor, … this new press will create a strong foundation as we drive our manufacturing process to the next level in Cressona.”Mike Hammer, Senior Director of Operations for Hydro’s Cressona and North Liberty facilities
Building upon the site’s recent press projects, the equipment will utilize the advanced Industry 4.0 technology the equipment supplies to achieve improved quality, reliability, and productivity and achieve benchmark energy consumption levels. Hydro has claimed that the press will be operational by late 2023.
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