NEWS
Aluminium   Industry  

Norsk Hydro to cut primary aluminium production at its Slovalco plant

A fully integrated Norwegian aluminium company Norsk Hydro announced on Monday, December 2, that it plans to cut 20 per cent production at its majority-owned Slovalco primary aluminium plant in Slovakia. Weak market is one of the reasons for the production cut, said the company.

Located at the center of the actively growing aluminium market in Central Europe, Slovalco’s 55.3 per cent of the share is owned by Hydro Aluminium AS, while the rest (44.7 per cent) owned by Penta Investments.

In 2018, Hydro had decided to expand remelt operations at its Slovalco plant in collaboration with joint-venture partner PENTA, aiming at producing and supplying the “greenest” aluminium metal in the industry. The expansion was for facilitating production of primary aluminium as well as for serving as a remelter for conversion scrap from the extrusion plants in Central Europe.

Currently, Slovalco has an annual production capacity of 175,000 tonnes of primary aluminium and a casthouse capacity of close to 200,000 tonnes, said Hydro in a statement on December 2. The curtailment of production is expected to commence in January 2020.

News No: 7700
Date: 2019/12/02 - 20:06
News Source: ALCIRCLE.COM

Norsk Hydro  aluminium  Slovakia  industry  PENTA 

Comments:

Leave a Comment:

   
   
   
 

HEPCO to manufacture equipment, machinery for mining companies

Heavy Equipment Production Company (HEPCO) has signed memorandums of understanding (MOUs) with five major domestic mining companies to manufacture equipment and machinery for them.
 

Industrial parks attract $2.1b of foreign investment

Latest data released by Iran’s Industry, Mining, and Trade Ministry show that the country’s industrial parks managed to attract 231 investors with a total $2.1 billion of investment in the previous Iranian calendar year (ended on March 19).
 

Mining companies' sales through stock market up 55% in 2 months

The total sales of large mining companies through the stock market has increased by 55 percent in the first two months of the current Iranian calendar year (March 20-May 20), year on year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.
 

Iran moving away from exporting raw minerals to create more added value

Deputy Iranian Industry, Mining, and Trade Minister Darioush Esmaieli says over 90 million tons of iron ore was produced in the country during the previous Iranian calendar year of which only seven percent was exported.
 

Industry, mining, trade projects worth over $5.4b inaugurated in 2 months

Some 196 industrial, mining and trade projects worth 230 trillion rials (about $5.48b) went operational throughout the country since the beginning of the current Iranian calendar year (March 20) up to June 16.
 

six-high cold-finishing mill for copper ordered from danieli

To be installed in Yuncheng, Shanxi Province, the new six-high cold-finishing mill for Northern Copper Industry Co., Ltd. will competitively roll a wide product mix of copper alloys, from soft pure copper up to hard bronze alloy.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners