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      Hydro to close the Hydro Precision Tubing Pune plant in India

      Hydro’s business area Extruded Solutions has decided to close the Hydro Precision Tubing Pune plant in India with immediate effect as of June 20, 2020. The basis for continued operation is not present.

      Hydro PT Pune has made losses in 2019 and is expected to make a loss also in 2020. The long-term market outlook is negative for PT Pune, as most products are used for the combustion engine market where demand for Pune products is declining.

      Hydro Precision Tubing remains committed to the precision tubing markets globally and will continue to have a strong footprint in Europe, Asia and North- and South America, maintaining its close cooperation and good relations with customers.

      The Pune plant employs 61 people.

      Therese Rød Holm Executive Vice President, Communication & Public Affairs

      Therese Rød Holm

      Executive Vice President, Communication & Public Affairs