The Hamburg casthouse will produce aluminium sheet ingots based on aluminium ingots and aluminum scrap. The casthouse will be Hydro's largest fully owned remelting plant with a capacity of 130,000 tonnes per year, and it will ensure the supply to Hydro's rolling mill at the same location.

The casthouse will have about 100 employees and be a part of Hydro's extensive network of aluminum casthouses in Europe and worldwide. "This is an important step to secure metal sources in Germany and aluminum sheet ingot supply for our customers," stated Volker Stutz, head of Hydro's business unit for sheet ingot.

Hydro will also acquire some key infrastructure units like power unit, water processing and treatment units from HAW to ensure continued services to the site´s operations.

This also includes the hiring of some HAW employees by the Hydro Hamburg rolling mill.  Hydro's two aluminum units in Hamburg, the rolling mill and the casthouse, will after these transactions have more than 620 employees.

Hydro employs more than 7,000 people in its numerous aluminum plants and units in Germany. Hydro is the leading supplier of aluminium solutions in Germany and has invested more than Euro 350 million in its German operations the last four years.

Hydro is a Fortune 500 energy and aluminum supplier founded in 1905, with 36,000 employees in nearly 40 countries. We are a leading offshore producer of oil and gas, the world’s third-largest integrated aluminum supplier and a pioneer in renewable energy and energy-efficient solutions. As we look forward to our next 100 years, we celebrate a century of creating value by strengthening the viability of the customers and communities we serve.