Hydro has announced its intentions to invest NOK 60 million in a new furnace for the production of foundry alloys at Hydro Sunndal.
Hydro claims that the investment in Sunndal increase the capacity for production of special alloys to, among others, the building, construction and automotive industries by 35,000 tonnes per year. This investment will also increase the flexibility to switch between products and thus make the plant more robust in a cyclical marked.
The project will start immediately and is expected to be completed in the first quarter of 2023.
Plant Manager at Sunndal Roar Ørsund commented on the announcement,
“We are pleased with this decision, which strengthens Hydro Sunndal's flexibility in the market and promotes greater consumption of low-carbon aluminium. A customer example we are pleased with is that aluminium from Sunndal will be used in Google's new office building in New York.”Plant Manager at Sunndal Roar Ørsund
Ola Sæter, Head of Primary Production in Hydro added,
“The demand for metals and materials produced with renewable energy is increasing and this offers great opportunities for Norwegian industry. Hydro has high ambitions for growth in Norway and investments in Sunndal are an important step in implementing our strategy that will strengthen our market position in premium low-carbon aluminum,”Ola Sæter, Head of Primary Production in Hydro added
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