Hydro has decided to invest in capacity expansion, namely in a new casting furnace for the production of foundry alloys at the company’s Sunndal plant.
The NOK60m investment will expand the capacity for the production of special alloys to the building and construction and automotive industries by 35,000 tpy.
The expansion will also increase the flexibility to switch between products and thus make the plant more robust in a cyclical marked. The project will start immediately and is expected to be completed in the first quarter of 2023.
Investment in new capacity expands offer of low-carbon aluminium
The decision promote greater consumption of low-carbon aluminium, Roar Ørsund, plant manager at Sunndal, is convinced. “We are pleased that aluminium from Sunndal will be used in Google’s new office building in New York. Like Google, we experience that more and more customers are looking to use sustainable materials, and the use of low-carbon aluminium from Sunndal now helps customers achieve their sustainability ambitions,” he says.
“The demand for metals and materials produced with renewable energy is increasing and this offers great opportunities for Norwegian industry. Hydro has high ambitions for growth in Norway and investments in Sunndal are an important step in implementing our strategy that will strengthen our market position in premium low-carbon aluminium,” says Ola Sæter, head of Primary Production in Hydro.