Hydro, a leading aluminum and renewable energy company, has decided to invest US$85 million to build a new casting line to strengthen its aluminum recycling plant in Henderson, Kentucky. The new line is supported by tax incentives from the Kentucky Economic Development Finance Agency and will be operational in 2026.
The new line will use HyForge technology, which can be used directly in the forging process and is expected to increase capacity by 28,000 tons. The line will meet the automotive market's demand for small-diameter, high-quality billets that can be directly forged into high-quality automotive parts.
The company's president and CEO, Eivind Kallevik, said that the line will increase the use of scrap aluminum and provide Hydro and its partners with a greener advantage.
Hydro invests $85 million to build new casting line of aluminum recycling
13 Jun 2024 15:21 reported by Yolanda Wang
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