Norway’s Hydro started operating a new aluminium-recycling plant in Szekesfehervar (Western Hungary) on September 9.
The plant, with capacity to recycle 90,000 tons a year, will produce advanced alloys for extrusions used in the premium automotive segment. Located next to Hydro’s aluminium extrusion plant in Szekesfehervar, the plant will recycle both post-consumer scrap and process scrap from its own factory and customers.
Hydro Extrusion Hungary is Hydro‘s largest and most advanced extrusion plant in Europe, with six aluminium presses, various surface treatment technologies and over 300 fabrication machines. The 60,000-ton capacity facility plays a significant role in the e-mobility segment.
Frank Iepema, the managing director of Hydro Extrusion Hungary, acknowledged the support of the Hungarian Investment Promotion Agency (HIPA), which provided a EUR 6-million cash grant and a EUR 17-million tax grant for the recycling plant.
“With this support, we were able to bring this strategic investment to Hungary, reduce imports and expand exports,” he added.
The investment created 80 jobs. (Daily News Hungary)