Hydro has entered into a binding agreement to sell its aluminium remelt plant in
Taiwan to Ting Sin Metal Co. Ltd. The transaction is expected to close during
Hydro invested in the remelt plant in March 2008, and the company is a fully
Ting Sin Metal Co. Ltd., a company already in the Taiwanese aluminium remelt
market, will take over the Hydro Aluminium Taiwan operations, while Hydro will
focus on supplying primary metal products to Taiwan.
The remelter has an annual capacity of about 75,000 metric tons of extrusion
ingot, and is mainly serving the Taiwanese market.
ContactÂ Â Â Â Rikard Lindqvist
CellularÂ Â Â +47 41751199
E-mailÂ Â Â Â Â Rikard.Lindqvist@hydro.com
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Source: Norsk Hydro via Thomson Reuters ONE