# Hydro invests NOK 360M in new automotive press in Hungary

Hydro is investing NOK 360 million (EUR 35.7 million) in a new high-strength press at its Szekesfehervar plant in Hungary to expand extrusion capacity for the electric car market. First extrusion is planned for 2025.

- Type: Expansion
- Announced: 2022-12-14
- Where: Szekesfehervar, Hungary, Hungary
- Starts operating: 2025
- Status: announced
- Products: aluminium extrusions for automotive, crash management systems, battery housings
- Sectors: [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/2022/hydro-invests-in-new-automotive-press-in-hungary/), 2022-12-14: "The new press will be part of Hydro’s automotive network, which includes the automotive press investment in Denmark announced earlier this year."

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