The fast-deteriorating market situation is affecting both customers’ and Hydro’s operations. Hydro is reducing or halting production at some sites to meet change in demand, while implementing firm actions to protect people and business.
Following effects from the Coronavirus situation, as well as the effect from actions implemented by authorities to fight the Coronavirus, customers are starting to reduce their production.
The impact is currently most visible in the automotive segment and in building and construction, and more broadly in southern Europe. Consequently, Extruded Solutions is reducing and temporarily closing some activities in France, Spain and Italy.
Depending on further governmental measures introduced in various countries and regions, and the situation on the demand side in various segments, Hydro will take the necessary measures to adapt to the situation.
Hydro’s corporate emergency team is mobilised, working closely with all business areas to monitor and coordinate contingency planning and mitigating measures across the company.