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Norsk Hydro to cut aluminium output 20% in Slovakia

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Christian Fernsby ▼ | December 2, 2019
The Board of Directors at Hydro’s majority-owned Slovalco primary aluminium plant in Slovakia has decided to recommend to the shareholders of the company to curtail maximum 20% of the plant’s primary aluminium production, responding to the weakening market environment.
Norsk Hydro Slovakia
European businesses   Norsk Hydro Slovakia
The decision is pending final approval by Slovalco’s General meeting.

Topics: Norsk Hydro aluminium output Slovakia

Slovalco is a fully consolidated aluminium smelter in Hydro, owned 55.3% by Hydro Aluminium AS and 44.7% by Penta Investments.

Slovalco has an annual production capacity of 175,000 tonnes of primary aluminium and a casthouse capacity of close to 200,000 tonnes.

The curtailment of Slovalco’s production is expected to commence in January.