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
October.
Hydro invested in the remelt plant in March 2008, and the company is a fully
owned subsidiary.
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.
Investor contact
Contact    Rikard Lindqvist
Cellular   +47 41751199
E-mail     Rikard.Lindqvist@hydro.com
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Source: Norsk Hydro via Thomson Reuters ONE
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