# Hydro invests $48.3M in new extrusion press at Cressona facility

Hydro announced a $48.3 million investment to install a 3,000-ton indirect aluminium extrusion press at its Cressona, Pennsylvania facility, expected to be operational by late 2023.

- Type: Investment
- Announced: 2021-07-29
- Where: Cressona, Pennsylvania, United States
- Value: $48.3M
- Starts operating: 2023
- Status: announced
- Capacity: 3,000-ton, 12-inch indirect aluminum extrusion press
- Products: aluminium extrusions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hydro Inc.](https://endata.com/companies/1478.md)

## Sources

- [hydro.com](https://www.hydro.com/en/global/media/news/2021/hydro-continues-investments-in-north-america/), 2021-07-29: "Hydro has announced plans to invest $48.3 million in Cressona, Pennsylvania, to support the growing transportation, distribution, and industrial market segments in North America."
- [republicanherald.com](https://www.republicanherald.com/2021/07/29/hydro-to-invest-483m-in-cressona-plant/), 2021-07-29: "We are very excited about the decision to continue investing on new assets at Cressona, and I am certain that our history of delivering strong results on past investments was a key factor."
- [aluminum.yieh.com](https://www.aluminum.yieh.com/en/hydro-invests-in-new-aluminum-extrusion-press-line-in-pennsylvania/128035), 2021-08-02: "Hydro has announced to invest US$48.3 million to build a 3,000-ton, 12-inch indirect aluminum extrusion press line at its facility in Cressona, Pennsylvania."
- [solarpowerworldonline.com](https://www.solarpowerworldonline.com/2021/08/competitive-power-ventures-solar-ppa-hydro-aluminum/), 2021-08-27: "The company has a strong focus on sustainability and recently announced plans to invest $48.3 million in Cressona, Pennsylvania."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.