UPDATE: Hydro inaugurates automotive line for aluminium parts in Germany

<p>Hydro has inaugurated its new state-of-the-art automotive line for light and advanced aluminium solutions in cars in Grevenbroich, Germany.&nbsp; German Chancellor Angela Merkel and Norwegian Prime Minister Erna Solberg were present during the inauguration of the facility.</p> <p>Hydro has invested EUR 130 million in the plant, which will produce 150,000 ton of aluminium parts per year 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/door_509.jpg" alt="news" width="509" height="291" /></p> <p>The new automotive facility would increase company&rsquo;s annual production of car body sheet from 50,000 tonnes to 20, 0000 tonnes. The company supplies around one million tonnes of aluminium to the automotive industry per annum.</p> <p>Hydro President &amp; CEO Svein Richard Brandtz&aelig;g said: &ldquo;This is where our light, strong, corrosion-resistant and infinitely recyclable aluminium really comes to life: To build the car of tomorrow, you need the metal of the future. Here at Hydro&rsquo;s new automotive line, we turn automotive dreams and aspirations into reality, enabling our partners among the most innovative car makers in the world to lightweight their vehicles, thereby curbing fuel-consumption and emissions in use.&rdquo;</p> <p>{googleAdsense}</p> <p>Norwegian Prime Minister Solberg stated: &ldquo;Hydro is a leading industrial enterprise in Norway, and a major global aluminium supplier. It is positive for Norway that Hydro is strengthening its international position. And it is positive for Germany that Hydro has decided to invest here, close to the German car industry. This will boost job creation and security in both our countries.&rdquo;</p>