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Soederberg produces around 120,000 metric tons of aluminum a year. The closure has been brought forward to the first quarter from later in 2009 as aluminum companies scale back on production to help support prices.
The closure, which will affect 450 employees, was initially forced by the imposition of more stringent emissions limits.
The Karmoey complex where Soederberg is situated will produce 170,000 tons of primary aluminum a year, and employ 950 people, Hydro said. The closure is expected to cost around 300 million Norwegian kroner ($42.3 million).
Company Web site: http://www.hydro.com
-By Elizabeth Cowley, Dow Jones Newswires; +47 22 20 10 58; elizabeth.cowley@dowjones.com
(END) Dow Jones Newswires
12-10-08 0534ET
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