German aluminium smelter Speira plans to reduce production by 50% as energy cost bites and the final decision on the production cut is expected to be taken by September.Speira was once a part of Norsk Hydro, which was later sold to KPS Capital Partners last year. Although the German Speira facility can manufacture roughly 160,000 tonnes of aluminium annually, it now only produces about 140,000 tonnes.
German aluminium smelter Speira plans to reduce production by 50% as energy cost bites and the final decision on the production cut is expected to be taken by September.Speira was once a part of Norsk Hydro, which was later sold to KPS Capital Partners last year. Although the German Speira facility can manufacture roughly 160,000 tonnes of aluminium annually, it now only produces about 140,000 tonnes.
