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Hydro Slovalco to Partially Curtail Production

Metal News - Published on Tue, 03 Dec 2019

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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. The decision is pending final approval by Slovalco’s General meeting.

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.

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Posted By : Rabi Wangkhem on Tue, 03 Dec 2019
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