Hydro to open EUR 130 million automotive line for aluminium parts on May 4

<p>Hydro, one of the largest aluminium companies worldwide,&nbsp;is set to open new automotive production line in Grevenbroich, Germany on May 4.&nbsp; The new state-of-the-art production line will manufacture aluminium parts with capacity of 150,000 tonnes of aluminium per annum for the automotive industry.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/al3_building_eng_withlighness_509px.png" alt="news" width="509" height="226" /></p> <p>Hydro has invested EUR 130 million in European automotive industry to help the car makers to minimise the car weight resulting in less emissions. The company had already made strategic investments in Norway and Germany in order to meet this requirement.</p> <p>Hydro President &amp; CEO Svein Richard Brandtz&aelig;g said, &ldquo;I look forward to showing the result of great efforts made by our sharpest engineers, leaders and operators. It has taken years of research, experience, ingenuity, in close cooperation with Europe&rsquo;s world-leading automotive industry, to reach this level of cutting-edge development.&rdquo;</p> <p>{googleAdsense}</p> <p>&ldquo;Our new automotive line will help lightweight millions of cars each year and strengthen aluminums&rsquo; position as a building block of modern society &ndash; which from our new automotive line comes with quality stamp &lsquo;Made in Europe'.&rdquo;</p> <p>Hydro&rsquo;s new casting technology which is under construction would produce sheet ingot in Germany that would further be rolled into plates and used in parts such as doors, hoods, roofs, and trunk lids in H&oslash;yanger and Ardal.</p>