Dec 23 2005
Hydro will take full ownership of the casthouse at Hamburger Aluminium-Werk (HAW). Today, the company signed a contract with representatives of the other HAW co-owners, Alcoa and AMAG, valid as of 1st January 2006.
The Hamburg casthouse will produce aluminium sheet ingots based on aluminium ingots and aluminium scrap. The casthouse will be Hydro’s largest fully owned remelting plant with a capacity of 130,000 tonnes per year, and it will ensure the supply to Hydro’s rolling mill at the same location.
The casthouse will have about 100 employees and be a part of Hydro’s extensive network of aluminium casthouses in Europe and worldwide.
“This is an important step to secure metal sources in Germany and aluminium sheet ingot supply for our customers,” stated Volker Stutz, head of Hydro’s business unit for sheet ingot.
Hydro will also acquire some key infrastructure units like power unit, water processing and treatment units from HAW to ensure continued services to the site´s operations. This also includes the hiring of some HAW employees by the Hydro Hamburg rolling mill.
Hydro’s two aluminium units in Hamburg, the rolling mill and the casthouse, will after these transactions have more than 620 employees.