Hydro invests Euro 30 million in new production lines to improve quality for aluminium foil products
Hydro has invested Euro 30 million in two modern production lines. The new production lines will increase quality and stability for aluminium foil products in the coming months, as product volumes from older production lines due for closure is shifted to new and modern lines.
Sales director Stefan Knabben in Hydro’s Rolled Products business area said, “The production line we are shutting down in the Grevenbroich plant represent only a minor part of our foil production portfolio. We will definitely fulfill all contracts and are eager to continue offering our foil products from new and modern production lines.”
The company recently announced a comprehensive restructuring of its rolling business. The restructuring includes the already planned closure of parts of the foil production at Grevenbroich, as well as efficiency measures across the organization.
Hydro September 2018 announced the exit of the foil conversion business by December 31, 2019. These closures combined represent approximately 30% of the overall foil production of Rolled Products.
Vietnam imposes highest rate of anti-dumping duties on Chinese aluminium products
Next articlePyrotek new aluminium products plant to complete construction in November
Grow with
AL Circle
