Hydro announced that it sold a 65 percent stake in Sapa Ben Thanh Aluminium Co., Ltd. to a local Vietnamese company. The move is a part of the overall review in Extruded Solutions aiming to optimize and streamline the portfolio.
Hydro has closed a transaction with a local Vietnamese company on January 20, 2020. Sapa Ben Thanh Aluminium operates a manufacturing plant in Ho Chi Minh City and is a joint venture with the Ben Thanh Group.
“The manufacturing plant in Ho Chi Minh City was part of the Extruded Solutions business area, has around 230 employees and produces around 3,500 tonnes per year, mainly for the building and industrial segments,” Hydro said.
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