Hydro closes fabrication business unit and invests €4.4 million in Pole Products business unit in Drunen, Netherlands
(PRESS RELEASE) OSLO, 13-Nov-2019 — /EuropaWire/ — Hydro closes its fabrication business unit in Drunen, Netherlands.
The closure is due to the challenging European market, particularly in trailer construction, which represents a large part of the production in Drunen. Despite measures taken to improve the situation, it has not been possible to turn the negative development.
The closure is expected to be completed by Q1 2020 and will affect around 40 employees. Hydro has informed employees, the Works Council, trade unions and other stakeholders. Hydro will ensure the restructuring process is carried out in a professional and respectful way for all parties involved.
Simultaneously, Hydro has decided to invest €4.4 million in new machinery in the Pole Products business unit in Drunen. The investment will strengthen the competitive position in the market and ensure continued operations in Drunen.
Hydro’s Pole Products business unit produces and ships light poles, flagpoles, traffic control installations and mast for “smart city” applications in a broad sense. Pipes and raw materials are supplied from the extrusion unit in Drunen.
The Pole Products business unit will be relocated and integrated into the extrusion unit that will lead to logistical and production-technical benefits, as well as other business benefits and will strengthen the competitive position for Hydro in Drunen.
Hydro also supplies innovative products and solutions to aluminium extrusion customers through its production facilities in Harderwijk and Hoogezand in the Netherlands.
The product range includes components for transport systems, parts for niches in the automotive industry, transport sector, construction products, ingot and end products such as greenhouse cover and façade systems, light and flagpoles.
For more information, please contact:
Therese Rød Holm
VP Head of Communication and Public Affairs, Extruded Solutions
+47 924 39 097
therese.holm@hydro.com
SOURCE: Norsk Hydro ASA
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