OSLO, NORWAY--(Marketwire - Sep 24, 2012) - Hydro has entered into a binding agreement to
sell its aluminium remelt plant in
Taiwan to Ting Sin Metal Co. Ltd. The transaction is expected to close
Hydro invested in the remelt plant in March 2008, and the company is a
Ting Sin Metal Co. Ltd., a company already in the Taiwanese aluminium
market, will take over the Hydro Aluminium Taiwan operations, while Hydro
focus on supplying primary metal products to Taiwan.
The remelter has an annual capacity of about 75,000 metric tons of
ingot, and is mainly serving the Taiwanese market.
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Source: Norsk Hydro via Thomson Reuters ONE