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Hydro sells 65% stake in Sapa Ben Thanh Aluminium joint venture · Endata

◂ Announcements

Jan 20, 2020ACQUISITIONHo Chi Minh City, Vietnam

Hydro sells 65% stake in Sapa Ben Thanh Aluminium joint venture

Hydro sold its 65% interest in Sapa Ben Thanh Aluminium Co., Ltd., a joint venture operating a manufacturing plant in Ho Chi Minh City, to a local Vietnamese company. The transaction was completed on January 20, 2020.

Status

Completed

Capacity

3500 tonnes per year

Productsaluminium extrusions

CompaniesHydro Inc.Ben Thanh Group partner

Sectors#Steel and Metal Products

“The decision to sell Hydro's 65 percent stake in the joint venture is part of the overall review in Extruded Solutions, aiming to optimize and streamline the portfolio.”hydro.com

1 source
hydro.comHydro sells its interest in Vietnamese extrusion operations to a local Vietnamese company | HydroJan 21, 2020

Summarized from public sources; check the original articles before acting on it.

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