Hydro to invest $48.3 million to install aluminium extrusion press line at its Cressona facility
Hydro has decided to install a state-of-the-art 3,000-ton 12” indirect aluminium extrusion press line at its Cressona facility, Pennsylvania. The installation involves $48.3 million investment to meet North America’s growing transportation, distribution, and industrial market segments.
The company expects the aluminium extrusion press line to be operational by late 2023.
“We are very excited about the decision to continue investing in new assets at Cressona, and I am certain that our history of delivering strong results on past investments was a key factor,” said Mike Hammer, Senior Director of Operations for Hydro’s Cressona and North Liberty facilities.
“This new press will create a strong foundation as we drive our manufacturing process to the next level in Cressona.”
The modernization will utilize advanced Industry 4.0 technology to achieve improved quality, reliability, and productivity and achieve benchmark energy consumption levels.
“Not surprisingly, this investment follows closely on the heels of the site’s highly successful 2019 greenfield installation of a 10” extrusion press to serve the automotive and distribution markets,” hydro said.
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