Hydro to shut Moultrie aluminium extrusion plant

摘要

Citing weak market conditions, Hydro Aluminum North America, a unit of Norway's Norsk hydro, is to dose its Moultrie plant which produces extrusions and has anodising and fabrication operations. The company said it would discontinue its extrusion operations by the end of this year and plans to sell or transfer the remaining anodizing and fabrication activities by no later than mid-2003. Lynn Brown, vice president of strategy and business development for Hydro Aluminum, said there has been some buying interest from North American companies for the anodizing and fabrication equipment, but no decisions have been made involving the extrusion press.