Hydro adds new recycling line for aluminium beverage cans

Hydro will build a new, integrated recycling line for used aluminium beverage cans at its Neuss plant in Germany. The line will be completed by end 2015, and increase the plant's existing annual recycling capacity of 50,000 tonnes to more than 100,000 tonnes.

April 30, 2014

In addition to more than doubling the recycling capacity at the Neuss plant, the new recycling line will be able to process a wide range of used beverage cans. The liquid aluminium metal produced at the recycling center will serve as input material for making new beverage cans.

"With this investment, we are meeting a growing customer demand for recycled aluminium and closed recycling loop, while pursuing our growth strategy for the beverage cans market," says Oliver Bell, executive vice president and head of Hydro's Rolled Products business area.

The recycling line will utilize newly designed sensor technology for sorting and separating different types of recycled metal, developed at Hydro's research and development center in Bonn.

The new recycling line has a project cost of EUR 45 million and will employ around 40 people when in operation, and is in line with an Hydro's ambition to double the company's total recycling capacity and to become carbon neutral by 2020.

Certain statements included within this announcement contain forward-looking information, including, without limitation, those relating to (a) forecasts, projections and estimates, (b) statements of management's plans, objectives and strategies for Hydro, such as planned expansions, investments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, as well as (i) statements preceded by "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar statements.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream aluminium business; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; and legislative, regulatory and political factors.

No assurance can be given that such expectations will prove to have been correct. Hydro disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Updated: October 11, 2016