While the new P60 12-inch press will increase extrusion capacity at Suzhou, the investment also covers an expansion of the plant.
The investment will create 75 new jobs for the organization in Suzhou.
“We’ve succeeded in building a platform in China toward the e-vehicle market, but we need more capacity to satisfy the market’s demand for high-end and safety-critical components. This is directly in line with our strategy and it is why we are making this investment now,” says executive vice president Paul Warton, who leads Hydro’s Extrusions business.
Examples of the automotive components include crash management systems such as bumper beams and crash boxes, as well as side sill inserts, side beams and longitudinal beams.
These products utilize proprietary high-strength alloys and feature strong competence on quality systems. The new press will also support other customer needs ranging from mill-finished extrusions to fabricated assemblies.
Hydro expects to extrude the first billet from the new press in mid-2023.
More long-term customer business
“The new press will play an important role in helping us secure long-term customer business and will support our global product offering with a strong presence in China. We are very excited about the decision to continue investing in China,” says senior vice president Erik Fossum, who is responsible for the Chinese operation as head of the Precision Tubing business unit.
Hydro Extrusions employs 21,000 people in 40 countries. It delivers tailored aluminium components and solutions to all industries, from automotive and mass transportation to building and construction, electronics, offshore and maritime. The business area serves more than 30,000 customers around the world.
Offentliggjort: oktober 26, 2021