Hydro renews metal sales agreement with Sapa JV

Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary, Hydro Aluminium AS, has entered into a sales agreement with Sapa AS, a global provider of downstream aluminium solutions, owned 50 percent by Hydro, to supply extrusion ingot under an open-ended agreement starting in 2017.

The agreement covers extrusion ingot in Europe, and replaces the existing contract, which was entered into at the closing of the Sapa Joint venture in 2013, and expires by the end of 2016. The agreement is at market terms, and covers a volume commitment range of 250 to 300 kmt, that can be adjusted on a yearly basis.

"Hydro's experience and technological edge along the value chain provides our customers with value added aluminium products, and we are happy to continue our supply of high quality aluminium to Sapa," says President and CEO, Svein Richard Brandtzæg.

Sapa is the world leader in downstream aluminium solutions - a result of the merger of the aluminium extrusion businesses of Orkla and Hydro. Sapa has a global reach and local presence within extrusions, building systems, and precision tubing. Sapa has 22,800 employees in more than 40 countries, and the headquarters are located in Oslo, Norway.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.