Norway’s aluminium producer Norsk Hydro announced in September it was selling its extruded aluminium factory in Romania to Austrian company Hammerer Aluminum Industries. Hydro has signed an agreement with Hammerer Aluminium Industries (HAI) for the sale of Hydro Extrusion SRL, which is based in Chisineu Cris, northwestern Romania.
Norsk Hydro said its decision to sell Hydro Extrusion SRL is part of a plan to restructure the Extruded Solutions division, aimed at optimizing and streamlining the portfolio. The transaction is due for completion in the fourth quarter of 2019, pending regulatory approvals.
Hydro Extrusion SRL, inaugurated in 2004, has around 200 employees and produces nearly 20,000 tons of extruded aluminium profiles per year, mostly for the construction industry.
Hammerer Aluminium Industries Holding GmbH is active in Europe, Asia and USA. In Romania, it has two divisions – Hammerer Aluminium Industries Santana SRL, which operates in aluminum processing, and Hammerer Aluminium Industries Romania SRL, which operates in real estate.