Hydro opens new aluminum extrusion plant in Poland.LAUSANNE, Switzerland--(BUSINESS WIRE)--October 3, 1996--Norsk Hydro ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and - the Norwegian energy, chemicals and metals group (NYSE NYSE See: New York Stock Exchange : NHY NHY Norsk Hydro NHY Nehmé Hassan Younes ) today announced the official opening of a new aluminum extrusion plant in Poland, Hydro Aluminium Chrzanow. The plant is located in Chrzanow, 30 km west of Krakow. The division Hydro Aluminium Extrusion, a world leader in aluminum extrusions, has established the Chrzanow plant within a facility acquired from the Polish company Bumar-Fablok s.a. The total value of the investment is approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15 million and the initial capacity is 10,000 tons. However, the plant is prepared for further investments in capacity, fabricating and surface treatment in order to comply with the expected market demands. The estimated turnover in 1997 will reach USD 18 million. "Our investment in Poland is in line with Hydro's strategy to expand in the growing markets of Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. ," the president of Hydro Aluminium Extrusion, Mr. Ivar Hafsett, said at the opening ceremony. "We see a great potential for our products, for building applications but also for a variety of other products where increased knowledge of the benefits of extrusions to a variety of industrial and consumer products will boost the demand." The main customer for aluminium extrusions from Chrzanow will be the Polish building and construction industry, but the Chrzanow plant will serve all segments of the extrusion market based on a philosophy of customer specified products. To utilize the capacity, parts of the production will be exported to other countries in Central and Eastern Europe. Managing Director of Hydro Aluminium Chrzanow, Clements Metzler, points out that the plant will set a benchmark for quality extrusions and customer service in Poland. "We shall become the preferred supplier for the building systems industry but also for small and middle-sized companies. Our role will be to show what is available and assist our customers to develop and produce good new products." Hydro is the world's largest producer of soft alloy aluminium extrusions with 25 extrusion plants in Europe and the USA. Apart from aluminium extrusions, Hydro supplies building systems, components for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. and other aluminium products. The company has already built up a position in the Polish extrusion market, mainly through import from its plant in Denmark. It is also present in Poland through a joint venture company, Wicona Sp.Z.o.o., a supplier of building systems. Hydro has several activities in Poland in the areas of fertilizers, oil and gas products, technical gas - CO2 - and PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. pipes (Mabo Turlen). CONTACT: Niels Schweigaard, Manager, Market Communications, Hydro Aluminium Extrusion, Lausanne Telephone: 011 41 21 621 8383 Fax: 011 41 21 621 8343 or Ole Johan Sagafos, Manager, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Norsk Hydro USA Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Telephone: (212) 688-6606 Fax: (212) 750-1252 |
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