# Hydro invests NOK 390 million in new automotive extrusion press in Suzhou, China

Hydro is investing NOK 390 million in a new P60 extrusion press and plant expansion at its aluminium plant in Suzhou, China, to serve the automotive and electric vehicle market, creating 75 jobs with first billet expected in mid-2023.

- Type: Expansion
- Announced: 2021-10-26
- Where: Suzhou, China
- Value: $40.0M (390.0M NOK)
- Jobs: 75
- Status: announced
- Products: automotive aluminium extrusions, crash management systems, bumper beams, crash boxes, side beams
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [hydro.com](https://www.hydro.com/en/global/media/news/2021/hydro-investing-in-new-automotive-extrusion-press-in-china/), 2021-10-26: "The investment will create 75 new jobs for the organization in Suzhou."

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