GlobeNewswire·Nov 26, 2025, 4:00 AM ET

Norsk Hydro: Hydro to close five European extrusion plants

Hydro proposes closing five European extrusion plants in Cheltenham, Bedwas, Lüdenscheid, Feltre, and Drunen to optimize its footprint & strengthen competitiveness.
A formal consultation process with employee representatives will begin immediately, with closures scheduled for 2026 if confirmed.
The restructuring affects 730 employees across the five sites, which operate eight extrusion presses, various added-value processes, & three recycling units.
Hydro Pole Products at the Drunen plant will remain unaffected by the proposed changes.
Total restructuring costs are estimated at NOK 1.9 billion, including NOK 460 million in impairment charges & NOK 1.25 billion in provisions expected in Q4 2025.
Costs of NOK 50-100 million will impact Adjusted EBITDA in Q4 2025, while expected annual run rate improvements exceed NOK 0.5 billion.
Affected customers will receive products from other Hydro locations, ensuring service levels & commitments remain unchanged.
Post-restructuring, Hydro Extrusion Europe will operate 28 plants & five recycling facilities with a workforce of 7,000 employees.