Divestment of Spanish rolling mill completed

The sale of Hydro's rolled products plant Inasa in Irurtzun, Spain, was finalized December 31, 2009.

January 11, 2010

The Inasa plant near Pamplona is now operated by Bavaria Industriekapital AG under the name Inasa Foil SA.

An after-tax book loss of about NOK 200 million will be realized in Hydro’s fourth-quarter 2009 results.

The plant, with more than 200 employees and an annual capacity of 30,000 tonnes, had been part of Hydro's Rolled Products business area, which remains a leading, worldwide supplier of rolled aluminium products, shipping up to 1 million tonnes per year and employing a workforce of around 4,000.

Hydro will continue serving Spanish customers of rolled aluminium products through its sales office in Barcelona (see contact details in right column).


Updated: October 11, 2016