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Hydro sells its interest in Vietnamese extrusion operations to a local Vietnamese company

Hydro has closed a transaction with a local Vietnamese company for the sale of Hydro’s interest in Sapa Ben Thanh Aluminium Co., Ltd., which operates a manufacturing plant in Ho Chi Minh City and is a joint venture with the Ben Thanh Group.

The decision to sell Hydro’s 65 percent stake in the joint venture is part of the overall review in Extruded Solutions, aiming to optimize and streamline the portfolio.

The transaction was completed on January 20, 2020.

The manufacturing plant in Ho Chi Minh City was part of the Extruded Solutions business area, has around 230 employees and produces around 3,500 tonnes per year, mainly for the building and industrial segments.

Stian Hasle

Stian Hasle

Head of Investor Relations

Therese Rød Holm

Therese Rød Holm

VP Head of Communication and Public Affairs, Extruded Solutions