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Norsk Hydro and Orkla agreed to combine their profiles, building systems and tubing businesses into a 50-50 joint venture named Sapa, with annual revenues of around NOK 47 billion. Completion expected in H1 2013.
“Together we are creating a stronger company with a broader competence base and a highly experienced management team.”manufacturing-journal.net
Summarized from public sources; check the original articles before acting on it.