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.
HELL Energy, together with QUALITY PACK, signed a contract with Hydro on 21 July 2020 to source Hydro CIRCAL recycled aluminium with at least 75% recycled content for its beverage can body sheet.
NB Renaissance Partners signed a binding agreement to acquire control of Hydro Holding, a European hydraulic fittings producer, taking an 80% stake while founding families keep the rest. The seller is Mandarin Capital Partners.
Hydro Middle East, with local partner Global Pavilion LLC, signed a 10-year contract with Petroleum Development Oman to provide aftermarket pump maintenance, rebuilds, spare parts and engineering support.