Hydro continues production curtailment at Neuss

Hydro has decided to continue the production curtailment process at its primary aluminium plant in Neuss, Germany, due to weak market conditions and high energy costs for the smelter.

February 11, 2009
The plant has an annual production capacity of 230,000 tonnes. A controlled reduction in production, making the main parts of the plant ready for mothballing, will take approximately two months. The Neuss smelter has already reduced production by 30,000 tonnes per year.

The supervisory board of Hydro Aluminium Deutschland GmbH decided Wednesday to further reduce primary aluminium production at Neuss toward a full mothballing of electrolysis, unless there is a fundamental improvement in relevant frame conditions.

The fabrication of anodes will be reduced accordingly, while the plant’s casthouse will continue remelt operations, producing sheet ingots to serve nearby customers.

“We have already cut high-cost production in Norway. The weak market situation requires us to take further actions to reduce losses. The Neuss smelter is at the very high end of the cost curve, mainly due to the German power cost level,” says Hilde Merete Aasheim, executive vice president of Hydro’s Aluminium Metal business area.     

The plant has 650 permanent employees. Management is in dialogue with the local works council in order to find solutions for the employees affected.

Press contact
Contact     Halvor Molland
Telephone   +47 22532421
Cellular    +47 92979797
E-mail      Halvor.Molland@hydro.com

Press contact Germany
Contact     Michael-Peter Steffen
Telephone   +49 22038904040
Cellular    +49 1722436889
E-mail      Michael_Peter.Steffen@hydro.com

Investor contact
Contact     Stefan Solberg
Telephone   +47 22539280
Cellular    +47 91727528
E-mail      Stefan.Solberg@hydro.com

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Certain statements included within this announcement contain forward-looking information, including, without limitation, those relating to (a) forecasts, projections and estimates, (b) statements of management’s plans, objectives and strategies for Hydro, such as planned expansions, investments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro’s markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, as well as (i) statements preceded by “expected”, “scheduled”, “targeted”, “planned”, “proposed”, “intended” or similar statements.

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Updated: October 11, 2016