The Board of Directors at Hydro’s majority-owned Slovalco primary aluminium plant in Slovakia has decided to recommend to the shareholders of the company to curtail maximum 20% of the plant’s primary aluminium production, responding to the weakening market environment.
The decision is pending final approval by Slovalco’s General meeting.
Slovalco is a fully consolidated aluminium smelter in Hydro, owned 55.3% by Hydro Aluminium AS and 44.7% by Penta Investments. Slovalco has an annual production capacity of 175,000 tonnes of primary aluminium and a casthouse capacity of close to 200,000 tonnes. The curtailment of Slovalco’s production is expected to commence in January.