In response to reduced market demand for aluminium billets in Europe, Hydro has decided to partially curtail aluminium production at Hydro Karmøy and Hydro Husnes in Norway. Hydro said “The extraordinary situation in the European economy and energy market is causing market uncertainty and a decline in demand for our aluminium products. Even if 50 percent of Europe’s primary aluminium production capacity has been curtailed during the last year, recent drop in demand is causing a buildup of stock, forcing us to take firm actions.”The decision will correspond to an annual production capacity reduction of 110,000-130,000 tonnes of primary aluminium, including production recently taken out for ordinary maintenance and not yet restarted. The process to curtail production will start shortly and it is expected that Hydro Husnes and Hydro Karmøy will reach the new production levels by the end of 2022. The curtailment will lead to a reduction in power consumption amounting to a total of around 170-200 MW once curtailment is in full effect.In July, Hydro guided about uncertain markets and implemented mitigating actions to adapt to the market situation. The new measures at the Norwegian aluminium smelters comes in addition to the closure of the majority owned primary aluminium plant, Slovalco in Slovakia at the end of August. The decision to partially curtail Hydro Karmøy and Hydro Husnes will not affect manning level at the respective plants.
In response to reduced market demand for aluminium billets in Europe, Hydro has decided to partially curtail aluminium production at Hydro Karmøy and Hydro Husnes in Norway. Hydro said “The extraordinary situation in the European economy and energy market is causing market uncertainty and a decline in demand for our aluminium products. Even if 50 percent of Europe’s primary aluminium production capacity has been curtailed during the last year, recent drop in demand is causing a buildup of stock, forcing us to take firm actions.”The decision will correspond to an annual production capacity reduction of 110,000-130,000 tonnes of primary aluminium, including production recently taken out for ordinary maintenance and not yet restarted. The process to curtail production will start shortly and it is expected that Hydro Husnes and Hydro Karmøy will reach the new production levels by the end of 2022. The curtailment will lead to a reduction in power consumption amounting to a total of around 170-200 MW once curtailment is in full effect.In July, Hydro guided about uncertain markets and implemented mitigating actions to adapt to the market situation. The new measures at the Norwegian aluminium smelters comes in addition to the closure of the majority owned primary aluminium plant, Slovalco in Slovakia at the end of August. The decision to partially curtail Hydro Karmøy and Hydro Husnes will not affect manning level at the respective plants.
