Hydro to Close Five European Extrusion Plants
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Norsk Hydro ASA plans to close five European extrusion plants in the UK, Germany, Italy, and the Netherlands by 2026, affecting 730 employees. This reorganization aims to optimize its extrusion footprint and enhance competitiveness, costing NOK 1.9 billion with expected annual improvements of NOK 0.5 billion. Hydro will retain 28 extrusion plants and five recycling facilities in Europe, ensuring customer service remains unaffected.
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