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BRIEF-Norsk Hydro: Aluchemie To Initiate Close-Down Process

Published 17/02/2021, 01:17 am
© Reuters.
NHY
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Feb 16 (Reuters) - Norsk Hydro ASA NHY.OL :

* ALUCHEMIE TO INITIATE CLOSE-DOWN PROCESS

* CLOSE-DOWN PROCESS WILL INCLUDE CONSULTATION PROCESSES WITH EMPLOYEE REPRESENTATIVES AND UNIONS, AS WELL AS KEY EXTERNAL STAKEHOLDERS SUCH AS ENVIRONMENTAL AUTHORITIES AND LANDOWNER REGARDING SITE REMEDIATION PROCESS

* PLANT IS CURRENTLY TO CLOSE TOWARD END OF 2021 AND FOLLOWS A THOROUGH STRATEGIC REVIEW TO EXPLORE ALTERNATIVES TO CLOSING ALUCHEMIE.

* ALUCHEMIE IS A STAND-ALONE ANODE PRODUCER LOCATED NEAR ROTTERDAM IN NETHERLANDS, WITH 220 EMPLOYEES AND OWNED BY GLOBAL METALS AND MINING COMPANY RIO TINTO ALCAN (53%) AND GLOBAL ALUMINIUM AND ENERGY COMPANY HYDRO (47%)

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