Sep 13 2004
The Hydro Aluminium Chrzanow plant, established in 1996 with the installation of an 1,800 tonne extrusion press, has approximately 110 employees and serves the Polish market as well as the markets in the neighbouring countries.
The approved investment totals EUR 11 million (NOK 93 million) including additional equipment. The new facility will be ready for production by the end of the third quarter in 2005.
“This investment opens up new market opportunities and growth potential both locally and in cooperation with other aluminium extrusion sales organizations, as the manufacturing cost ambition is benchmark for the industry,” says Johnny Undeli, executive vice president Extrusion North.
“This project has a strong and clear strategic fit with our future ambitions,” Undeli continues. “We expect this part of Europe to have a strong growth within extrusion, the employees in the Chrzanow plant have already shown that they can handle such an investment.”
“We expect to produce over 26,000 tonnes of extrusion annually, which is more than double of our present capacity,” adds Richard Elliott, managing director of the Chrzanow plant. “We expect to add some 50 employees in our plant and the investment will also influence employment opportunities with our local suppliers. This is a valuable contribution for this part of Poland with a fairly high unemployment rate.”
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