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Stock impact report

Norsk Hydro: Hydro to close five European extrusion plants

NORSK HYDRO A S ADS (NHYDY) 
NASDAQ:AMEX Investor Relations: hydro.com/en/investor-relations
Company Research Source: GlobeNewswire
Hydro has decided to consolidate the Extrusions operations in Europe with a proposal to close five of its European plants. This move is made to optimize the extrusion footprint in Europe and strengthen competitiveness. The decision will affect Hydro Extrusions’ production plants in Cheltenham and Bedwas in the UK, Lüdenscheid in Germany, Feltre in Italy, and Drunen in the Netherlands. A formal consultation process with employee representatives at the affected plants will begin immediately. If confirmed, the sites will be closed during 2026. The decision to optimize the European extrusion footprint is based on a detailed review and analysis of the performance and market situation, with the aim to strengthen the long-term competitiveness of Hydro Extrusions’ business in Europe. “The reality in the European market requires decisive action. Decisions like this never come easy, but they are necessary. We will carry out the process with full focus on safety, and with a commitment to trea Show less Read more
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