The announced restructuring includes the already planned closure of parts of the foil production at Grevenbroich, as well as efficiency measures across the organization. In September 2018, Hydro announced the exit of the foil conversion business by December 31, 2019.
These closures combined represents approximately 30% of the overall foil production of Rolled Products. A 30 million Euro investment in two modern production lines will increase quality and product stability for aluminium foil in the coming months, as product volumes from older production lines due for closure is shifted to new and modern lines.
“The production line we are shutting down in the Grevenbroich plant represent only a minor part of our foil production portfolio,” says sales director Stefan Knabben in Hydro’s Rolled Products business area.
“We will definitely fulfill all contracts and are eager to continue offering our foil products from new and modern production lines,” says Knabben.